Steve Pepper was quoted on GlobeSt.com in the article “Interest Rates, General Economic Environment Remain the Same.” The author consults professionals in the commercial real estate industry to speculate on when the market will turn around and how the federal government’s involvement will affect interest rates and lending. Mr. Pepper says, “If stabilization is supposed to be a reflection of lending activity, then no, we are not stabilizing. There is no lending on a day-to-day basis unless the sponsor has put in a significant amount of equity.” To read the article in its entirety, please click here.
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