Lenders' Insatiable Appetite for Commercial Real Estate
Chandan Downgrades DC's Credit Outlook Underwriting standards have eased as competition for properties in the DC metro area, and amongst lenders seeking to finance recent sales, have fueled a recovery in prices. But narrowing spreads leave very little cushion for a normalization of interest rates or a slowdown in space demand. As GlobeSt's Erika Morphy explains, "there are several factors behind the slight drop in the credit outlook, none of which alone seem to be that significant—but taken as a whole spell a rocky period ahead for the District."
Read the full story at the GlobeSt website.
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