Strict Lending Environment Fuels SLBs
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Imrem: Interest rate hikes “should have been happening already–incrementally–and the longer it takes the more likely we are to run into a problem.”
CHICAGO—A responsible lending environment is boosting the appeal of sale leasebacks. So says locally basedMarc Imrem, managing director of net lease and SLBs forTranswestern. (Transwestern is a GlobeSt.com Thought Leader.) This is especially true for what he terms less-than-credit users.
“The value wrapped up in retail real estate helps drive the market,” he says. “It’s also driven by the opportunity to collect capital from the market when we’re talking about less-than-credit owners. Such operations, like franchisees of restaurants, use the sale leaseback to monetize the asset and roll that into opening more locations.”…
Strict Lending Environment Fuels SLBs
