CREFC Members Offer Rare Market Insight In New Survey

WASHINGTON, DC-Ever wonder what commercial lenders really think about the state of the industry? It would be nice to know, from a financial planning perspective, how enthusiastic lenders are, or are not, about the market and where their concerns lie. Not to mention having them share the fruits of their data-gathering just for general edification.

Well here are some thoughts for the coming year from this sometimes-inscrutable community: floaters will become a fixture in the conduit market. There will be an increase in interest-only CMBS issuances and that is a “most concerning trend.” Office will make a comeback. Cap rates will rise by at least 20 to 30 basis points in the next year as interest rates rise.