NorthMarq Capital’s Jeff Erxleben was featured in the Capital Markets Issue of Commercial Property Executive. The article, titled “Shifting Stack: Lender Competition Heats Up Amid Fewer Deals,” explained that while investment volume and lending activity are showing signs of a spring rebound, a “comeback” will be complicated to say the least.
Takeaways from the article included:
- Lending activity rebounded heading into the second quarter of 2017, with CMBS leading the way.
- Abundant capital and a shortage of deals have lenders rethinking their strategies to win deals.
- Borrowers looking for higher leverage are tapping into the mezzanine space to fill the gap.