Comments from Chief Credit Officer, Ross Pemmerl, were featured as part of the cover story for the August/September Issue of Real Estate Capital USA
Ross Pemmerl, chief credit officer at Boston-based manager UC Funds, says his team is seeing a specific niche in mid-market loans and notes the firm is fielding more inquiries of loans of $10 million to $30 million. In the past, borrowers may have typically looked toward regional banks with which they had an existing relationship for loans.
“With heightened scrutiny focused on lending, it forces some of the larger banking institutions to prioritize their clients into their ‘gold’ or ‘platinum’
borrowers and then everybody else,” Pemmerl says, noting banks are often still originating loans of $75 million or more while eschewing mid-market clients. “Our experience has taught us that those ‘everybody else’ borrowers have great deals, too. They just might not grab as many headlines as some of the more high-profile borrowers.”
Read the full article here: https://www.recapitalusa.com/state-of-relations-how-the-lending-order-is-being-shaken-up/
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