Publications

Retail lending remains active with insurance companies and local banks
Research - DECEMBER 21, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Retail lending remains active with insurance companies and local banks

by Released

Various coronavirus stay-at-home orders affected retail investment sales transactions in the early days of the pandemic, but insurance companies and local bank lenders kept capital at the ready for deployment into retail. With historically low interest rates, JLL capital markets retail debt placement teams have closed $542.83 million worth of retail financings since July, demonstrating the lending community’s confidence in segments of the retail sector.

“There is a myth that retail is unfinanceable today, and that’s absolutely untrue,” said Christopher Drew, senior managing director, capital markets, JLL Americas. “When structured appropriately, plenty of financing is available to investors. In fact, certain lenders, like local and regional banks, never stopped lending.”

According to Drew, “Lenders seek the same characteristics for retail that investors pursue, which is well-located assets with essential tenancy.” This means lenders — and investors

Forgot your username or password?