Sluggish demand and mountains of sublease space are translating to tighter guidelines as the year opens. But prime existing and redevelopment projects with strong leasing and occupancy can still qualify for long-term 7% money, mortgage bankers tell GlobeSt.com.

"The Orlando office market continues to be a red flag on the radar screen for most lenders as the lack of demand for quality office space and the increasing amount of sublease space dampens class A and B occupancies, forcing lenders to tighten underwriting guidelines," Todd F. Cohen, vice president, Primary Capital Advisors, tells GlobeSt.come.

While the same applies to the Orlando industrial market, many non-institutional properties remain well-leased and can be financed at attractive rates. "It seems as though projects with tenants representing a wide spectrum of the economy are most attractive to lenders as the future rollover risk is lessened," Cohen says.