Jeff Erxleben shares the silver lining of the 2023 capital market with Connect CRE
DALLAS (Jan. 29, 2024) — As capital markets enter 2024, commercial real estate experts shared their thoughts on what happened in 2023 and what they expect for 2024 in Connect CRE’s article, “Capital markets: The rearview mirror and the road ahead.”
As part of the article, President of Debt + Equity Jeff Erxleben shared a silver lining of last year’s volatile markets.
When lender interest rates fell in the fourth quarter of 2023 and provided less-costly refinance activities, Erxleben said “borrowers that were in a position to move quickly could lock in rates that were 50 to 75 basis points below where they had been most of the year.”
How might that carry into 2024? What else will happen in 2024?
Read the full article to get those answers and more.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.