July 20, 2020

There will be more demand for land loans as many lenders exit the space.  Borrowers will see lower leverage, higher pricing and more recourse requirements.  Look for active lenders to price and underwrite risk as if they will step into the sponsor role upon default.  Count on debt funds, private money and hard money lenders More

The pandemic has increased opportunities for active bridge lenders since many players are out of the market.  An abundance of capital still needs to be deployed in the bridge space, but some lenders are holding back until the third quarter or longer.  Many bridge lenders are in asset mode because of existing hotel and retail More