Lenders, including banks, debt funds and commercial mortgage-backed securities investors, are more actively bidding floating-rate loans. “In addition to increased prepayment flexibility, floating-rate loans typically offer some future funding component to pay for capital improvements, tenanting costs or loan upsizing upon increasing cash flows,” said Dave Karson, an executive director in Cushman & Wakefield’s Equity, Debt and Structured Finance group.

 

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