As the Fed continues to battle with stubborn inflation numbers it is beginning to crystallize, within the real estate community, that the rate hikes and subsequent adjustment in values are not transitory; they are here to stay.
Being an active advisor to both developers and owners/operators, we have seen the shift in attitude towards borrowing and underwriting new acquisitions. On the one hand, borrowers are quick to accept a “decent” offer while on the acquisition side they are more conservative with their financing and exit assumptions.
