Stable Secondary Markets Remain Lender Focus

Gary Bechtel

While there is increasing concern about the maturity of the economic cycle, many real estate professionals are forecasting stable fundamentals and economic performance at least through 2020. While these strong fundamentals hold, lenders are focusing on stable secondary and tertiary markets with future growth potential. These markets include areas like Las Vegas and Phoenix, which has seen increased population and borrower demand late in the cycle. Tech enabled private lender Money360 is focused on secondary markets through the end of the year.

“At Money360, we’ll continue to focus on the stable secondary and tertiary markets that have seen a boom in millennial migration and business expansion,” Gary Bechtel, president of Money360, tells GlobeSt.com. “I anticipate the demand for bridge lending to continue to trend up as well, particularly within the secondary markets.”