Today’s Real Estate Lending and COVID-19: Update

To my valued network, I hope this finds you and your family all doing well. Crazy times, so I felt I should open and provide a Lending Markets update before sharing a couple loan ideas.

It’s easy to see that the next few months are going to be rather tumultuous, and we will see economic shifts from both the general markets and economic policymakers. Our prayers are with those who are most affected by the COVID-19 and its fallout. This too shall pass!!

“It’s important for our Network to know that these market changes have strengthened the positioning of our Loan Products, yet we expect pricing volatility to continue and floors to be established on many loan products. Rates are great! The securitization market (concerning RE industry) has continued to execute at strong levels across all products, and there have been no signs from usual investors weakening their interest in our wide space. (if anything,the interest in some areas has continued to rise as yield is easier to find in real estate as it compares to other usual outlets for heavy-hitter investors!)”.

Those involved in Palm Springs Real Estate Homeownership and in the Real Estate Investment industry may also likely be able to find increased “interest saving” opportunities, due to the fears of the general economy and the uniquely strong position our Banking industry is in. The access to capital remains positive today and all operations are running well, albeit slower and confused on Appraisal turn times, loan pricing and lender staffing. We will continue to work and monitor this situation closely.

Summed up best by the legendary investor Warren Buffet as, “Be fearful when others are greedy and greedy when others are fearful.”

Thank you again for the opportunities and have a strong 2020!.

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