SAN DIEGO—As the market continues to expend and reach toward the peak of the cycle, banks have begun to develop more creative financing solutions to maintain market share as competitors from various capital sources become more prevalent. Those thoughts were according to panelists at a morning breakout session at MBA's CREF/Multifamily Housing Convention and Expo 2018.
Bankers representing different markets and risk appetites got together Monday morning to talk about ways they are sourcing business and how they are providing funds in today's competitive market.
According to Chris Niederpruem, managing director of CIT, the overall size of the market has been active. “Lenders have been active,” he said. There has been increasing financing across the board in almost every property type, except for retail, he explained, which fell off last year. “All of this has been done in a fairly disciplined market. The qualitative measures are improving.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.