Art Armas Art Armas

Orange County’s Credit Union has watched the retail market evolve in the last several years, and is adjusting its retail underwriting in response to the changes. Tenant mix and credit have become more important factors, and they are performing more due diligence on potential opportunities. Additionally, the lender has begun to diversify into more multifamily opportunities as a way to mitigate the risk of retail properties. We sat down with Art Armas, VP of business services at Orange County’s Credit Union, to talk about the changes in the retail space and how they are adapting in response.