Mortgage Banking

Making sense of commercial real estate finance.

The Difference a Year Makes

Posted by Jordan Crouch on April 9, 2008

A year ago …

everyone was lending money.
every lender wanted every deal.
lender’s allocations were in the billions.
all property types were golden.
a 200 basis point spread was unbelievably high.

Today …

few lenders are lending money.
every lender is extremely picky.
lender’s allocations are significantly lower than last year.
the four food groups are lendable.
a 200 basis point spread is unbelievably low.

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