417. Who Writes the Next Check? Fund Redemptions, Cash-Out Refinancing Trends, & CRE Workouts

In this week’s episode of The TreppWire Podcast, we break down the latest PCE inflation data and what the fine print could mean for rates, plus new Canadian tariffs and another potential hit to construction costs. We also cover Dick’s Sporting Goods’ record stock drop and continued struggles at Foot Locker, Google’s unusual $10 million purchase of Spirit Airlines’ internal corporate data, and the $2.2 billion redemption queue testing liquidity at Invesco’s real estate fund. We dig into the return of cash-out refinancing, and why today’s borrowers are taking less equity off the table than they did at the market peak. We close with five CRE distress stories that trace the spectrum of outcomes for impaired assets, from successful modifications and fresh equity buying time to sponsor liquidity shortfalls, foreclosure, and a staggering 98% valuation cut. Tune in now.Episode notes: () Macro Update: PCE Inflation, Rounding & Rate Outlook() Canadian Tariffs Add to Construction Cost Pressures() Dick's Sporting Goods' Record Drop & Foot Locker Weakness() Google's $10M Purchase of Spirit Airlines' Data() Invesco's $2.2B Redemption Queue()Cash-In vs. Cash-Out Refinancing() Five CRE Distress Stories: Who Writes the Next Check?() Programming Notes() ShoutoutsQuestions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp