January 7, 2019

There will be plenty of capital available for both stabilized and value-add office assets, as increased opportunities to finance office deals will result in additional lenders entering the space.  Borrowers will see 60% to 75% leverage.  Loans with maximum leverage will be priced in the 4.75% to 5.5% range.  Stabilized properties with five- to 10-year More

CMBS lenders will be competing for market share this year.  Watch for them to pick up riskier transactions as concerns about the economy will lead to more conservative life company and bank lending.  There has been some consolidation in the total number of conduit lenders as many firms have exited the space.  Expect Wells Fargo, More