Approximately four months after the COVID-19 pandemic disrupted the US economy, capital markets have stabilized into a new normal, according to a report from brokerage Marcus & Millichap.
Lending activity is slowly increasing, the report said, with capital flowing to borrowers with established track records, cash in the bank and "high-quality assets with secure cash flows."
"We see more and more lenders edging back in, although no one would call it a borrowers' market," the report concluded.
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Cheryl Miller
Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts
