Regional Banks Grow Their CRE Footprints
Despite some first quarter tightening, banks should be seen by multifamily owners and developers as highly competitive financing sources in today’s market for multifamily assets.
Regulatory changes have made it easier for small and regional banks to grow their CRE footprints and compete in real estate lending. Meanwhile, bankers are also increasingly seeking to forge closer and more expansive relationships with their borrowers. While not likely to dominate the long-term, fixed-rate mortgage market, banks will continue to be major players in new development and transitional value-add financing.