Will Hospitality Lending Make a Comeback in S. Fla.? Navigating the Lagging Sector
Despite major steps toward normalcy, there is still one lagging market: hospitality.
October 07, 2021 at 09:38 AM
5 minute read
As we've seemingly adjusted to new lifestyles as a result of COVID-19, aversion to pandemic risk has also subsided. Commercial and multifamily debt financing is making a full comeback. Fannie Mae and Freddie Mac have reduced the COVID-19 reserve requirements to six months and in many instances, where the loan-to-value (LTV) ratio is lower, have removed the restrictions all together. Community banks have also begun to increase their lending guidelines, meaning borrowers are able to stretch to secure higher valued buildings.
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