GlobeSt.com: What happened to the funds raised inanticipation of this demand?
Petriella: There are a lot of people out therethat want to make loans, but yield requirements have gone up andlenders are seeking returns anywhere from 15% to 20% IRR. Themajority of deals aren't penciling in to meet thoseexpectations.
GlobeSt.com: Are banks relaxing even a little bitthe higher underwriting standards they put in place last year?
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
