Servicers Setting Stringent Rules for Loan Assumptions
Commercial Real Estate Direct reports: Dan Fasulo, managing director of research at Real Capital, said that servicers have been generally amicable to large institutional buyers, including REITs, seeking to assume debt. But they are likely less receptive to smaller, less well-capitalized investors, including small syndications. He noted that the smaller investors "won't have the same kind of credit record and every lender has the right to vet borrowers for credit worthiness."
View the full article on Commercial Real Estate Direct: Servicers Setting Stringent Rules for Loan Assumptions (Login Required)
Posted by: Nina Turner