The team at GlobeSt interviewed Sharestates CEO/Co-founder Allen Shayanfekr regarding the outlook of the construction lending market.
“So the outlook is good. If there is a worry, he says, it’s the number of lenders jumping on the construction-loan bandwagon. “There’s a ton of lenders chasing borrowers, which is causing some rate compression,” he says. “It’s great for the borrower but makes it a little more difficult to operate as a lender.”
The result could be a thinning herd. “Some of that downward pressure and thinner margins will result in some lenders starting to exit the construction lending space, probably toward the end of this year or early next year,” he predicts.”[/vc_column_text][/vc_column][/vc_row]