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“Credit unions have been the bright spot throughout the pandemic,” Chad O’Connor, senior managing director of capital markets at Marcus & Millichap, tells GlobeSt.com. While there were other active sources of capital through the pandemic, the credit unions have been the most active in providing liquidity to the market.

“They have had the smallest percentage of lenders withdraw from the market since the beginning of the pandemic, and I see them continue to be active in 2021,” adds O’Connor. Next year, he expects credit unions to remain a stable provider of capital, but there is one caveat. Credit unions tend to have limited capital allocations. That was an issue this year when many credit unions hit their allocations earlier than expected. Many of them have hit their allocations for the year because there is less competition in the market, and they are attracting more business than they have historically,” says O’Connor.

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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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