Prof. Mark Johnson interviewed for Charlotte commercial real estate banking story

3.4.2020

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.

β€œThey 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.