The 10-year anniversary of the financial crisis has officially arrived. While many remain optimistic about 2018, the timing is giving some investors and lenders pause. The biggest concern for lenders in the coming year is oversupply issues, according to Mitch Paskover, president of Continental Partners. We sat down with Paskover for an exclusive interview to ask about the challenges in the upcoming year and get his advice for securing financing.
GlobeSt.com: What are your major concerns for 2018?
Paskover: The biggest concern for 2018 is potential over-supply in major primary markets across the U.S. While these markets are still in high demand, many lenders are becoming increasingly wary of financing deals in markets that have exceptionally high development pipelines and an influx of new deliveries scheduled to hit the market over the next few years. The fear is that these markets run the risk of becoming oversaturated. In response, lenders have become increasingly more conservative in their underwriting. To close these deals and secure financing, investors will increasingly want to work with finance partners who can devise creative capital solutions to lock down competitive rates and address these lenders concerns.
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Kelsi Maree Borland
