Interest rates have been the hot topic for the last few years. First, everyone was guessing when they would rise, and as soon as they did, the Fed shifted strategies and started to bring them back down to historical lows. Now, investors are guessing how long they will stay low, and investors are wondering how more rate cuts could impact the lending market.
For non-bank lenders, however, the interest rate cuts will have little impact on business in 2020. At GlobeSt Apartments last week, Gary Bechtel, president of Money360, joined us for our Multifamily Visions 2020 Podcast Series to talk about trends in the non-bank lending market. He doesn’t expect lower rates to have an impact on his loan volumes or his product offerings in the next year. However, it could mean higher yields.
The non-bank lending business is already thriving. Bechtel says Money360 will exceed its 2018 numbers this year, and he is seeing strong activity across the market. Press play to hear why non-bank lending is seeing such strong demand, how lenders are staying competitive with new entrants into the market and if there if the flood of activity and new businesses is ringing any alarm bells.
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