As markets debate whether the Federal Reserve is approaching the end of quantitative tightening (QT), Paul Rahimian, CEO of real estate lender Parkview Financial, in an interview with IREI, argues that the more important question is whether liquidity is returning in a durable way. In their view, regulatory easing at large banks, sustained Treasury bill purchases and supportive fiscal policy would collectively signal a shift toward what they describe as “QE-lite.” Against a market narrative of broad-based economic strength, they see a more fragile and narrowly supported economy, with labor softness masked by revisions and corporate spending concentrated in a limited set of sectors. That backdrop informs a cautious underwriting approach, a focus on current-rate economics rather than future cuts and an expectation that private credit will remain structurally advantaged even if banks gradually re-enter the market.
