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REC USA: Mid-Market Lending Report 2023
Mid-Market Lending Report 2023
Publishing date: 1 October 2023
REC USA’s 2023 Mid-Market Lending Report will be published on 1st October 2023 in print and online.
The report will sit on the website, be alerted on email and published on the REC USA LinkedIN page.
The October issue will also circulate at PERE America Forum.
Over the last decade, a range of organisations have set up shop to provide real estate loans of a size that typically falls below the radar of traditional bank lenders and insurance companies. The enhanced risk that comes with underwriting real estate assets during covid-19 pandemic is discouraging banks from providing finance within the $25million – $75million property loan market, to the benefit of alternative lenders which are increasingly seeking new business.
Those with a focus on mid-market loans aim to do business in parts of the market that are perceived to be underserved by the larger, more established lenders.
Some are known as specialist lenders – boutique firms that focus on niches such as development finance or bridge loans. Some are fintech firms, which raise capital through online platforms. Some are challenger banks; relatively small retail banks that were set up to compete with long-established giants.