December 3, 2018

Lenders will tread lightly with retail loans next year, but strong sponsors with quality assets in favorable locations and dominant tenants will see attractive financing terms, particularly at moderate leverage levels.  Expect lenders to be more interested in retail next year if sales continue on a healthy upward trend.  Borrowers will see higher DSC ratios More

The multifamily construction lending market will be more competitive as non-bank lenders such as debt funds, mortgage REITs, pension funds, etc., have entered the space in their search for yield.  This has resulted in terms that are more favorable for borrowers including more leverage, lower pricing and limited covenants.  However, concerns over rising construction costs More