May 4, 2020

Capital will be available for office as this property type is more stable than hotels or retail.  Manylenders are confident with the fact that most office tenants are expected to pay rent in the coming months.  However, there are fewer active lenders, therefore borrowers will see lower leverage and stricter underwriting.  Banks, life companies, private More

Retail will be one of the hardest properties to finance during the pandemic.  Regional and local banks, bridge lenders and select life companies will be the best bet for the time being.  Non-bank lenders and debt funds will be the go-to for any heavy repositioning and construction financing.  Lenders are shifting their focus away from More

Watch for life companies to slowly resume putting money out in the coming weeks, after taking a pause at the beginning of the pandemic.  Expect them to remain conservative throughout the summer, then become more active late in the second half of the year.  They will be striving to meet 2020 allocations, after already losing More