While you may not be headed to T-Mobile Park for a Mariner’s matinee, or road-tripping to the Gorge for a live concert, the dog days of summer are still upon us.
On both a national and local level, we continue to struggle with controlling the spread of COVID-19 and the corresponding economic recovery. As a result, the commercial real estate industry finds itself at a standstill. While some deals are still getting done, per Collier’s Multi-Family Team, investment sales in the Puget Sound region are down 367% year over year.
As investors wisely take a “wait and see” approach, we see no reason to use this space to add to the doom and gloom hanging over the economy and the commercial real estate markets. Instead, our suggestion is simple: Enjoy some ice cream or a snow cone, go for a bike ride, spend time with your family, work in the yard or improve your golf game; there may never be a better time than the present.
We will continue to monitor the real estate and debt markets in an effort to best serve our clients to navigate an uncertain future.
In the meantime, when opportunity knocks, Juniper Capital is ready to lend and our team is here to help you finance your next real estate project. Give us a call to talk to one of our experienced loan officers and start the conversation today.