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GlobeSt.TV: Pressure on Lenders Will Continue

TEANECK, NJ-'The community banks have been a great source of financing,' says Mark Scott of NorthMarq, but now insurance companies are back.

By Alyson Grala | Updated on November 11, 2009

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“The community banks have been a great source of financing,” says Mark Scott of NorthMarq Capital. “But now the insurance companies are coming back and we are hoping to see more mortgage REITs in 2010.” Watch the full video on GlobeSt.TV.

TEANECK, NJ-Community banks were the main real estate financiers during the recession, but now insurance companies are making deals again, said Mark Scott, senior vice president and managing director of Northmarq Capital. “They say, ‘Wow, we’ve got these billions of dollars to invest, and we’ve got to get them out,’” he said.

Scott spoke here with Alyson Grala, ALM Real Estate Media Group’s associate editor of the New Jersey region, at the recent RealShare New Jersey event. To view the full interview, click the link below.

http://www.globest.tv/mark-scott-of-northmarq/

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