Lending in Summer: Heating Up, Not Cooling Down
The borrowing community traditionally thinks that lending demand has a lull in the summer, says Berkadia mortgage banker J. Tyler Blue (second from right, with managing director Ted Hermes, assistant VP Kevin Ridgway and managing director Paul Wallace). Yet despite an almost 35 basis point increase in rates over the past month, lenders are extremely hungry for deal flow. Tyler, who directs the Mid Atlantic Capital Markets Group with a focus on originating debt and equity, says borrowers have been extremely fortunate to enjoy a low rate environment over the past decade. The current spike in rates will affect loan proceeds, but from a historical perspective, rates still remain exceedingly attractive for all income properties. For more info on our Bisnow partner, click here.