IRVING, TX-During the heyday of the Great Recession and itsaftermath, available debt for student housing (or any other type ofcommercial real estate, for that matter) was limited. A few yearsafter the financial meltdown, however, more lenders have enteredthe field and are offering more product, from permanent fixed-rateloans, to bridge and mezzanine financing, to flexible-ratemortgages.

As such, one issue tackled in various panels at the May 14RealShare Student Housing conference involvedflexible versus fixed-rate debt. Though no clear winner emergedfrom these discussions, it did make for some lively discussionthroughout the day.

Experts speaking on the "Meet the Money" panel were split aboutfixed versus flexible, with Kayne Andersondirector Craig Zogby and Blue VistaCapital Management senior vice president WaltTemplin disagreeing about which was best. Though Zogbypointed out that an interest rate lock guaranteed that low rateswould remain fixed, Templin pointed out that floating rateflexibility is a better tool when it comes to taking advantage ofopportunistic deals. Furthermore, "the ability to obtainsupplemental financing is restricted with a locked-in rate,"Templin noted.

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