Law360 interviewed Manatt’s Tom Muller, co-chair of the firm’s real estate practice, for a review of trends in the 2016 real estate market. The first issue listed by the publication was financing woes: although deal activity remained strong, commercial real estate firms did encounter more difficulty in getting traditional bank financing in 2016.
“It’s true that unless you’re a really good borrower, getting any debt this year, particularly in the second half, has been more difficult,” Muller said.
He said part of the reason may have been unease created by the election.
“The long-assumed Bush-versus-Clinton rematch … it became clear that was not going to happen,” Muller said. “Anyone doing business of any type does not like uncertainty. It was my observation that deal flow tended to slow down. Some deals got started and then went on pause.”
Read the article here.