April 26, 2023
“Where there’s a will, there’s a way.” This adage has never been more relevant for developers looking to finance new building projects. With Federal Reserve Chair Jerome Powell indicating that the Fed will continue to raise interest rates, traditional capital providers with strained balance sheets are pulling back on lending. And given the current economic outlook, many senior warehouse line lenders may also look to pull back on financing, opening the door for a more direct asset-by-asset approach. As a result, borrowers need to seek out alternative lenders that creatively finance their projects – enter nontraditional lenders and loan-on-loan financing partners.
Read more from Yonah Strumwind, Commercial Lending Specialist Originator, Alliant Credit Union and Kathy Kozak, Vice President, Strategy & Corporate Finance, Trez Capital – Link to Source.