March 25, 2024

Life company lending will be elevated versus 2023, but lenders will still struggle to meet their goals. The pipeline has been flowing so far this year, although the deal flow of the acquisition market remains light and will limit lending. However, cap rates are moving up and more acquisition volume later in the year will help get capital moving. Most LCs are averse to doing office, which is also limiting originations. LCs will continue to be conservative with terms, although they are being forced to compete on price in order to get money out the door. More