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Low interest rates are fueling retail refinancing activity. There is strong demand for refinancing deals as these owners are looking to lock in low interest rates, and many owners are able to reduce their current rate by 100 basis points. The deal makes sense for many owners of retail assets, who are able to increase cash flow as a result.

“With interest rates still at record lows, we are seeing a high volume of landlords continuing to take advantage of refinancing,” Ben Townsend of SRS Real Estate Partners’ debt & equity team, tells GlobeSt.com. “Many of our clients have been able to reduce their rate by more than 100 basis points while also pulling out additional equity to invest in more opportunities. Often times, even if an owner can lower an asset’s existing rate by 50 basis points, it still makes sense to look at the increase in cash flow after re-amortizing a loan.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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