CMBS Borrowers Waiting For Nonbank Lenders To Emerge
Law360, Minneapolis (April 25, 2016, 5:13 PM EDT) -- Lawyers expected 2016 to start with a flurry of commercial mortgage-backed securities refinancing as loans made prior to the crash started to come due, but borrowers are now waiting for nonbank lenders to fill the lacuna, a result of increased borrowing demand and tighter lending standards.
A combination of economic and regulatory factors has contributed to the slowdown in bank lending over the past several months, according to attorneys, who expect private equity firms, insurance companies and other nonbank lenders — particularly those that specialize in short-term bridge lending — to step in.
And the pullback from big banks could also...
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