Retail-backed CMBS loans continue to draw mixed reviews from lenders and investors. Where some see a ticking time bomb, others see an opportunity to invest in high-quality, conservatively underwritten retail loans.
There is no question that both lenders and investors are wary of the risks associated with retail. “Unless a property is really, really top notch and performing extremely well, it is a struggle to get financing,” says Manus Clancy, senior managing director and the leader of applied data, research, and pricing with Trepp. Property owners continue to lose tenants through bankruptcies or store closings, with examples across all segments of the industry, notably department stores, big-box stores and grocery stores, he adds
Read entire post in National Real Estate Investor
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