March 2, 2020

Count on ample mezz capital to be deployed this year, especially as leverage levels drop and mezzanine loans strengthen capital stacks.  There will plenty of demand as sponsors want more leverage and are willing to pay a premium to push higher up the capital stack.  Mezz loans will make more sense to borrowers than equity More

Watch for a plethora of competition in the bridge lending space leading to an overflow of capital that needs to be deployed.  Anticipate more investors turning toward bridge lending as debt makes more sense than equity at this point in the cycle.  This continued increase in competition means better pricing and more flexibility/creativity with terms.  More