Following the pandemic, many lenders paused or slowed lending activity in the face of widespread uncertainty. Next year, lenders are prepared to have capital available to meet borrower needs. With the presidential election in hindsight and the promise of three vaccines coming to market, lenders feel confident in providing healthy capital allocations for the next year.
“Although lenders will likely remain conservative in their underwriting, there will continue to be ample capital sources available in 2021 to meet investor demand,” Stephen Stein, managing partner at Tauro Capital Advisors, tells GlobeSt.com. “With election uncertainty fading and promise of a vaccine on the horizon, lenders will remain diligent in their capital allocations for 2021.”