The capital markets, a market that has been in flux for the last few years, now seems like a shining beacon of hope, with more and more capital providers entering the fray. So say multiple sources that GlobeSt.com spoke with on the subject. The question then becomes: Are all product types attractive and are lending sources stepping up in areas like construction and hospitality?
According to Gary Goss, a capital markets specialist in the San Diego office of Cassidy Turley, a few months ago according, lenders, for the most part, were seeking permanent debt for multifamily, industrial, retail and office property types alone. Goss has recently noticed a rise in multiple lending sources offering programs for construction, hospitality and special use properties, a trend he expects to continue. “Lenders are expanding their lending types as a way to satisfy their huge appetite for accumulating loans,” he says. “Mezzanine debt and joint venture equity financing is also plentiful and is “playing a major role in making up for the downward shift in lower leverage senior debt.”
read more...GlobeSt.com - Lending Sources Step Up; Construction Debt Is Starting to Happen - Daily News Article