2018 is poised to be a good year to borrow. Permanent CRE debt capital markets are awash with liquidity, and strong competition among lenders will likely result in tightening credit spreads and loosening loan structures. With rising short- and long-term interest rates, borrowers may look to convert floating-rate financing into long-term, fixed-rate loans.
In this paper, PGIM Real Estate Finance explores the 2018 outlook across multiple permanent debt capital sources, including Portfolio, CMBS, Agency, FHA, and Affordable.
Contributors: R. Paige Hood, Chief Investment Officer, Alison Jacobs, Director of Research and Thought Leadership, Christine Haskins, Managing Director, Portfolio Management, Marcia Diaz, Managing Director, Head of Global Originations, Michael McRoberts, Managing Director, Conventional Fannie Mae and Freddie Mac, and Hal Collett, Managing Director, FHA and Affordable Lending.