A great deal has changed and continues to change for lending institutions and borrowers as a result of the COVID19 pandemic. The transformation is anticipated to continue to be fluid in the coming months, with a favorable acceleration toward the end of the year.
The dust has begun to settle as we return to economic recovery in the U.S.However, the commercial lending landscape will continue to move as it has in recent months, with borrowers and lenders focusing on purchasing and financing multifamily properties, as well as some multi-unit industrial locations. Most lenders and borrowers are evaluating prospects in the retail and restaurant industries, as we are still learning about the effects of COVID19 on many small businesses.
Though many individual investors have moved their focus to multifamily and industrial properties, some are still looking for single tenant retail buildings in unaffected industries. Pharmacies and retail medical providers, for example. However, because there are few other investments that produce as strong returns as real estate at these low interest rates, demand for commercial real estate continues to grow. In fact, many people in South Florida are looking for new business prospects, and some business owners are even selling their businesses to pursue other endeavors.
Monroe Funding Corp has a wealth of experience and knowledge to help you reach your investing goals. To learn more about Florida Commercial Real Estate Loans, contact us online or by phone at +1 (954) 419-3539.