Wednesday, May 3, 2017

Lenders Still Willing to Finance Retail, but Be Prepared for Extra Scrutiny

retail magnifying glassStorm clouds hanging over the retail sector have not sent lenders running for cover. There is still plenty of capital available for acquisitions, refinancing and even value-add redevelopment and new construction. Yet lenders are putting deals under the microscope and borrowers are finding that some projects are a tough sell.

“The market is very liquid with a variety of suitors for retail loans, including CMBS, banks, life companies and credit unions,” says James DuMars, a managing director in the Phoenix office of capital services provider NorthMarq Capital.. . . more

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