Akerman Real Estate Finance Practice Chair Alan Cohen and Randy Eckers talked to Law360 about various market trends in the real estate financing sector, particularly bridge loans and long-term financing and commercial mortgage-backed securities work.
Cohen spoke in-depth about companies expressing interest in transitioning their bridge loan debt to U.S. Department of Housing and Urban Development financing once they expire. He said, “Operators and developers who need a bridge loan but are not quite ready to get HUD-backed financing can get a bridge loan, anywhere from six months to two years, a bridge with an agency takeout.”
Eckers elaborated on commercial mortgage-backed securities work, telling Law360, “The CMBS market is still quite strong. It's a little volatile. A lot less volatile than it used to be.”