September 2, 2019

Look for banks, debt fund and private money lenders to tentatively finance condo deals.  Lending volume will be down because of fewer transactions overall in the condo market.  The lateness of the cycle will lead to lenders being very location- and developer-specific and pickier about which deals they will finance.  Leverage will drop to around More

There will be plenty of capital available for retail loans, but lenders may be more selective going forward.  After dealing with the fallout of online sales, the retail-lending environment seems to have stabilized to its new normal over the past 12 to 18 months.  Count on CMBS lenders to be the most active as some More