Sponsors are turning to short-term loans to bridge gap to favorable interest rates. But what happens if market conditions have not materially changed by the time these loans mature is a looming question.
As commercial real estate sponsors increasingly turn to short-term loans for near-term maturities, they are looking for lenders that can be a partner in today’s volatile market, say Aaron Krawitz and Aidan Birnbaum of Bravo Capital.
Rising interest rates are creating challenges for commercial real estate sponsors, complicating the refinancing of existing debt amid a shrinking lender pool, says Locust Point Capital's Eric Smith.
Nominations close at midnight on Friday November 17 2023 for Real Estate Capital USA’s third annual awards and a shortlist will be announced on Monday, December 4.