Lenders Will Exercise Caution in 2016
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Woodwell: “Commercial mortgage lenders expect this year to be competitive as lender desire to make loans remains strong.”
NEW YORK CITY—The commercial lending market will be rife with opportunities, but investors as well as lenders likely will face a slight change in attitude this year.
In fact, contends Steven Fischler, a former executive with Lehman Brothers and founder and president of SRF Ventures, caution may be the industry’s watchword in 2016.
“I think you are going to see lenders and investors a little more cautious than the last few years,” he predicts. “As we move through the cycle, while asset prices have increased considerably, lenders and investors will not be as aggressive in lending or assuming rent growth or condo sales price growth as they have been.”…
