With the volatility and uncertainty surrounding the U.S. retail sector, lenders are cautious and scrutinizing deals with a fine-tooth comb.
Many bricks-and-mortar retail chains have struggled to adapt to increasing e-commerce competition and changing consumer shopping habits, while the country remains over-retailed, according to industry experts. These factors have led to record numbers of bankruptcies and store closings.
Apprehension surrounding this rocky retail environment has resulted in more conservative underwriting and scrutiny by lenders, especially for weaker-performing properties. . . . more