PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
Lenders Following Investors Back Into Tertiary Markets
Investors and lenders are increasingly looking to tertiary markets for higher yields, as primary and secondary markets become more competitive. This is a stark departure from just a few years ago when lenders were essentially “redlining” smaller markets.
Now, investors and lenders are gaining more confidence as the economy improves. Lenders across the board, including government agencies, banks, CMBS, and life companies, are showing an increased willingness to finance commercial real estate deals in markets such as Athens, GA, Provo, UT, and Clarksville, IN. However, that is not to say they are not using caution and stricter parameters in their underwriting.
The return of activity in tertiary markets shows the lending picture—and investor and economic confidence—has greatly improved.
Read more at National Real Estate Investor