The current market disruption is challenging real estate fundamentals as we know them and requires a fresh approach to underwriting. It is certainly a daunting time for equity investors in real estate but with unprecedented opportunities forecast it does also have the potential to be a very good time to deploy capital in real estate debt.
With banks side-lined, we expect to see compelling refinancing opportunities to lend against completed developments, and value-add projects to present opportunities for alternative lenders with flexible underwriting strategies.
