December 11, 2023

Watch for bridge lending to gain momentum next year. Borrowers are exploring shorter term debt while rates are high and there is an expectation they will start coming down. Also, watch for people to turn to bridge lending as notes come due and more value-add opportunities hit the market. Bridge lending will continue to pick up momentum as many sponsors will not want to sell in the current cap rate environment and/or lock in permanent financing with today’s high rates. Lease-up bridge loans will become more prevalent. More