Tuesday, October 9, 2007

Conduit borrowers - can you sit tight just a little longer?

Kenny Pratt's sources are reporting that while all-in rates on conduit loans are not improving, lenders are getting their arms around the current dynamics of the market which ought to stabilize the spreads. Then you can jump back into the CMBS market more easily, in my opinion.

By the way, the opinions on the state of the market were coming from Wells Fargo. From my experience Wells is a good lender to deal with and they have, in my opinion, good lawyers who get what they need without driving you too insane. (Remember, this is a conduit loan.)


Jordan Crouch said...

I would agree. There are several CMBS lenders (besides Wells Fargo) in the market now that are trying to aggressively gain market share.