Borrower demand has rebounded in the start of the year. At the end of 2018, borrowers put financing plans on hold following interest rate increases; however, with interest rates returning to historical lows in 2019, borrower demand has rebounded, according to Denis Barreto Jr. of Thorofare Capital. Barreto recently joined the firm as director of credit, bringing more than 12 years of experience in underwriting commercial real estate investments, including equity, debt and structured finance transactions to the firms' multi-strategy platform.
“At the end of last year the market experienced some volatility and we saw a number of borrowers put their financing plans on hold,” Barreto tells GlobeSt.com. “As calm was restored, we saw an increase in transactions and borrowers wade back into the market during the first quarter.”
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