Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Scott Botsford Botsford: “There are higher cap rates in secondary markets and lower overall returns from rent growth and capital appreciation, so investors are achieving same result but through different routes.”

NEWPORT BEACH, CA—Solid economic drivers as well as depth of investors and critical mass of that product type are a few of the things lenders look for before underwriting loans in non-core markets, MetroGroup Realty Finance’s VP Scott Botsford tells GlobeSt.com. A private commercial-mortgage banking firm based here, MetroGroup recently restructured the debt on an office building in Denver and an office/flex building in San Antonio for a total of $50.3 million, arranged by Botsford. We spoke with him about the secondary markets, discussing which are hot for financing and which are worrisome.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.