Storm 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