The commercial lending outlook for 2019 is off to a turbulent start.
The government shutdown has put various government workers and programs at financial risk while the Fed is raising rates.
Retail sector is being impacted largely by Amazon and the online shopping boom. Many people let their fingers do the walking to make simple purchases. This means shopping malls and strips will continue to decline.
Office Sector is impacted by shared office companies like We Work, that is taking this sector by storm. Users pay a monthly fee to be in a shared office/social/tech environment.
Hotel/Motel Sector- Being impacted by Airbnb, where people can rent rooms in their homes for extra income. This competes directly with the local hotel/motels.
One thing is for sure. People will always need a place to live.
Now is still a good time to get into multi-family and mixed use real estate investments that are in areas with rapid job growth while the rates are still low.
Opportunistic real estate investors are always looking for their next deal and we are here to help.
We have hard money investors and stated income lenders looking to place their funds.
Up to 75% LTV with rates varying between 6.9% and 11% on a 30 year amortization.
For more info, fill out Quick Quote request.
Happy Hunting in 2019!