As the COVID-19 pandemic continues to evolve, many private lenders are wondering what the future holds. Will there be a return to normalcy? Or is this the new normal?
In the short-term, many private lenders are focused on de-risking strategies. This may include decreased lending activities, increased skin in the game for borrowers, and improved underwriting standards.
In the long-term, private lenders will need to navigate uncertainty. This may include a recession, decreased property values, and increased defaults.
Now more than ever, it is important for private lenders to have a plan. By understanding the current landscape and preparing for the future, private lenders can weather the storm and come out ahead.
You can read this full article at: https://geracilawfirm.com/private-lending-at-a-crossroads-navigating-uncertainty-and-de-risking-strategies/
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