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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681... see more

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > Btfp program and the reverse repo (Rrp)
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Post by Torontojay on Mar 11, 2024 8:12am

Btfp program and the reverse repo (Rrp)

Today is the expiration date for the commercial banks to receive a bailout for distressed collateral assets. The bandaids will be removed but the interest rates are even higher than during the SVB debacle. Approximately $100 billion in loans by the Fed will have to get repaid by June of this year. Banks will tighten lending standard at an even greater scale as the Btfp and Rrp facility reach an end. Janet Yellen has $444 B (Rrp) left from the pandemic to use for her Treasury General Account. Fiscal deficits are running at about $1 trillion every 100 days so I expect the Rrp facility to be drained in a matter of months not years. 


What is going to happen to cmbs loans when the Fed is no longer there to bailout these banks? Will the Fed introduce a new program to deal with the potential defaults that may arise if we have another banking crisis? According to my estimates, there are $900B - $1 T in Cre's that have to be refinanced with an estimated  ~15% default rate. That is a staggering number and one that every investor should be paying close attention to.

Comment by garyreins on Mar 11, 2024 9:30am
Well I think the fed/government/treasury know this. If they are willing to play russian roulette after trying to save the banks for a year they certainly have a GREAT reset agend on their plate.   Their goal is to ensure the stability of financial system.  Maybe they want an excuse to turn on the printer again
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