Assistant Dean of MBA programs, Mark Johnson, was featured in a Charlotte Business Journal article on the state of the commercial real estate lending market in Charlotte.
“They want to make sure that banks have quality assets and they have the reserves to back those assets,” said Mark Johnson, a professor at the Wake Forest University School of Business. Some assumed banks would revert to their old ways when the economy picked up. Johnson argued, however, that a strong economy actually means better-quality, safer deals for the banks. Delinquency rates for commercial real estate loans dropped from 8.8% in 2010 to well under 1% in 2019, according to Federal Reserve System data. Johnson thinks the banks, including those in Charlotte, learned their lesson from the recession.