Borrowers and lenders both enjoyed a fruitful 2017 and US Hotel Advisors predicts that 2018 will be more of the same.
Looking Back at 2017
Most experts predicted that 2017 would be a rough year for commercial real estate lenders and borrowers alike. The “Wall of Maturities” was supposed to come crashing down. The newly-instituted risk-retention regulations were expected to curtail lending capacity and damage liquidity. Both the 10-year Treasury rate and loan spreads were projected to rise. All of this sounds dreadful, unless of course it never happened. US Hotel Advisors took the contrarian view and got it right.
The “Wall of Maturities” turned out to be a non-event. ...Continue Reading