Office lenders still hesitant to clock back in

Borrowers will see available capital for office, although lenders will continue to be extremely selective and cautious. Refinances and acquisition loans will be challenging for the foreseeable future. Lenders will seek financially strong borrowers and properties with stable operating histories and no near-term lease exposure. Office lending will remain tough for a while as many lenders are still dealing with problem loans. Even if the loans are performing well, there will still be issues if they are maturing soon. Count on asset-by-asset underwriting. Borrowers who are trying to get financing without bringing new cash to the deal will face some hurdles. More