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Updated about 3 years ago,
CRE Asset Types hard or impossible to finance?
It used to be that self-storage was difficult to finance -- now it looks like many local commercial banks are happy to do so. The upside is that it is easier to get a self-storage deal done -- the downside is, it is easier for the average Joe to get a self-storage deal done too.
And when money is cheap and a lot of average Joes are jumping in the same asset class -- cap rates plummet. That's obv good if own assets in that class -- but makes the game tougher if you're trying to get in and actively acquiring properties.
So the question is:
What are the current CRE asset types that are hard to finance? (But will become easier over time.)