The impending recession will enhance that slowdown as well.

I won't pretend to know DC and NoVa; check areas local to you that were especially impacted by the Great Recession that have since come around in a big way - those will be the areas that your clients "want to live" & can use this program.

CMBS loans suffered the most in the last recession because underwriting standards were lax at best.

Additionally a very interesting fact is that in 5 out of the 6 last recessions home prices actually increased.

Their reasoning is, because when the recession comes in the next year or two, we all are going to want to have the ability to access cash. 

I think you get a premium from student housing and its close to recession proof. 

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

Some leaks are dropping on my recessed lighting.

Trumps 20% corporate tax break causes Global Recession/Depression in 2020.

We could realistically be deep in a recession by then which may make lending difficult if not impossible .