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Prior commitments are still being honored, however, new loans are effectively not available to all, only a few preferred customers and the private lending market is active, but pricing has increased substantially.
This is a time when fortunate Americans are heading to second homes in low-density towns to escape the spread of the virus in more densely populated cities, and Port Aransas is that type of retreat for many.
Currently, there is a brief pause in site acquisitions, but the trend for more medical tenants looking for opportunities to re-position previous outparcel locations should continue.