Just when lenders and borrowers thought interest rates would finally start to rise in 2017, interest rates stopped going up. Lenders are struggling to adapt. But they keep on lending.
“Between prospects of deregulation, global political uncertainty and the possibility of significant rate hikes, lenders and borrowers are acting with more caution,” says Justin Bakst, director of capital markets at research firm CoStar. “We see more activity in interest rate derivatives to hedge against rising rate risk. In addition, lenders are taking an active role in evaluating markets and submarket fundamentals and pricing risk accordingly.”
Read more...Uncertainty Weighs on Apartment Lending Sector
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