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Beth Mitchell, a member of the firm’s Commercial Finance practice, was quoted in “Commercial Credit Markets Thawing For Quality Borrowers, But Quality’s Scarce” in Banker & Tradesman on February 8. The article discusses how financing still remains scarce for larger loans over $50 million. “If you have stabilized property, something that’s well-leased without a lot of expirations in the near term, and it fits within a certain size, it’s not too big, there is a market for that debt,” said Beth. “There are a lot of lenders willing to make that loan. It’s pretty competitive, and the terms are good. If you fall outside that box, it can be pretty challenging to find debt.”  

Beth goes on to note that financing for larger loans over $50 million is very limited. “If you’re a strong borrower, and you put up equity and guarantees, it’s still possible, but it’s taking a lot more time,” Beth added. “You have to talk to more lenders than you ever have before, and if you have to assemble a group of lenders, it takes even longer. It’s a much more cumbersome process.”