Banks Expect To Tighten Standards For CRE Loans Even More
Major net shares of banks said they expect to tighten standards on construction and land development loans as well as on nonfarm, non-residential loans.
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Major net shares of banks said they expect to tighten standards on construction and land development loans as well as on nonfarm, non-residential loans.
The Federal Reserve is in the midst of its fastest interest rate hiking cycle in the modern era, setting up the U.S. economy for conditions not seen in generations.
The haves and have nots have emerged as commercial loans mature. For some loans on the cusp of maturing, the ability to refinance may require more cash from the borrower, especially as lending standards have tightened.
Everyday expenses are rising so much that they’re affecting the viability of properties.
Osborne is now representing the buyer of two of the properties in its 1031 exchange and has identified several properties of interest for purchase.
AI’s impact on CRE could include improving productivity, decreasing operational spending and enhancing industry professionals’ ability to find, research and close deals.
Apartments remained vacant an average of 41 days in the county, with 95.5% of its apartments occupied, 67.2% of its leases renewing and 14 renters competing for each available apartment.
While much of the sector continues to be dominated by small owners/operators, its solid property fundamentals, credit tenants and low capital expenditures are beginning to bring in institutional money.
Smaller-balance loans are increasingly being offered by lenders.
King Motor Company of South Florida currently has 40,896 square feet of automotive space in three buildings.
Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
Sperry – RJ Realty
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