• 39: Kyle O’Hehir - The Distressed Real Estate Credit Market

  • Nov 26 2024
  • Length: 37 mins
  • Podcast

39: Kyle O’Hehir - The Distressed Real Estate Credit Market

  • Summary

  • In this episode, we're joined by Kyle O’Hehir, Co-Founder and CTO of Constitution Lending, to talk about the distressed real estate

    We cover:

    • Introduction to Assessment Matters podcast 00:00

    • Kyle’s background in finance and real estate 00:40

      • From commodities trading at a hedge fund to real estate assets

    • The distressed real estate credit market 3:13

      • Buying out debt from other lenders

      • Pursuing debt repayment to secure the real estate collateral

    • The post-COVID commercial real estate market 10:00

      • Increased opportunity in the distressed debt market

      • Influence from debt capital markets

    • Macro-level concerns: the impending debt “maturity wall” 13:52

      • Pre- vs post-COVID: the rise of non-bank lenders

      • Bank lenders have flexibility that non-bank lenders do not

      • How does this influence behavior around upcoming maturities?

    • Good vs bad distressed debt deals 20:53

      • Preliminary screens: quality of underwriting and default rate

      • Subsequent modeling

    • Evaluating real estate value as part of due diligence 24:44

    • Kyle’s most memorable deal 27:44

    • How to reach Kyle 35:28

      • @financeguy725 on Twitter

      • Other podcast appearances


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