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Interest Rate Caps Are Crushing CRE Deals Even More Than Before

May 8, 2023

Interest Rate Caps Are Crushing CRE Deals Even More Than Before

May 8, 2023

Interest Rate Caps Are Crushing CRE Deals Even More Than Before

May 4, 2023 | Erik Sherman | GlobeSt.com

Three minutes before Ed Fernandez, president and CEO of 1031 Crowdfunding, speaks with GlobeSt.com, he’s writing off a project.

“I walked away from a deal I was supposed to go hard on before the end of today,” he says. Why? Interest rate cap costs. To make things work would have needed a whole lot more capital.

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