Commercial Investors to See Competition for Commercial Loans in 2015
If you are looking for commercial financing as we head into 2015, you may want to pay attention and get a head start. With billions in commercial mortgage backed securities loans coming due in 2015, competition for commercial loans will be fierce. Increased competition among the borrowers of commercial loans, combined with increased banking regulations, has certainly brewed up the perfect storm in commercial banking.
It’s crucial for commercial mortgage brokers and borrowers of commercial financing to respond to this wave of CMBS loans maturing by pursuing multiple options for commercial financing. Because so many commercial bridge lenders and hard money lenders have entered the commercial financing arena in recent years, non-bank financing has become the “sure-thing” financing. This is not to say the commercial bridge lenders aren’t as cautious as bank lenders in their lending decisions, but rather that their lending decisions are based more on the merits of the property.
Seeking commercial financing in 2015? Get a head start and create multiple avenues for financing, including commercial hard money financing. With billions in CMBS loans maturing over the next few years, competition for low cost, high LTV commercial loans will certainly increase among commercial loan borrowers.
Posted by Corey Curwick Dutton
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