Hot CLO Market Boosts Liquidity for Bridge Loans
Bridge lenders are fighting for elbow room in what has become a very liquid and highly competitive marketplace.
“There is an abundance of capital available for bridge loans,” says Joe Franzetti, senior vice president, capital markets, at financing solutions provider Berkadia. Berkadia estimates that there are about 90 different organizations that say they are actively doing bridge loans. “That is just a staggering number. There are plenty of folks who want to lend on a transitional real estate play,” Franzetti notes.
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