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DC Market Trends Towards Five-Year Loans

VIENNA, VA-Call it a local quirk, but MetLife is seeing a lot of demand for five-year financing.

By Erika Morphy | Updated on October 23, 2006

(To read more on the debt and equity markets, click here.)

VIENNA, VA-MetLife Real Estate Investments has been closing a number of transactions in the DC market with five-year terms, according to transaction team members Brian Casey and Susan Busick in the company’s office here.

“We have been doing predominately five year loans in this office,” Busick tells GlobeSt.com. “It is a reflection of what our borrowers are looking for, we simply haven’t gotten as many 10-year requests.” Busick attributes the requests to a quirk or phenomena specific to DC that she can’t quite explain. “I know other offices are seeing requests for 10-year money.”

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