ryan serhant is here. first, we're heading east to the hamptons and the site of michael lobe's uncharted summit. tyler mathisen, i think i see him in his swim trunks by the side of the pool. he has a number of founders and ceos to chat with. we'll look at the state of lending in commercial real estate. back after this. >> this is "the exchange" on cnbc. [♪♪] your skin is ever-changing, take care of it with gold bond's age renew formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. ♪ there was a tree, down in the woods ♪ ♪ the prettiest tree, ♪ ♪ that you ever did see... ♪ ♪ now the tree has roots that need water to grow ♪ ♪ grow jobs, grow skills ♪ ♪ make the whole world go. ♪ ♪ make the green grass grow all around all around. ♪ ♪ make the green grass grow all around. ♪ at jpmorganchase, the investments we make help make businesses happen, that make jobs happen, that make communities happen. together, we make momentum happen. ♪ ♪ that make communities happen. [ speaking minionese ]