Please see the following link for the Capital Market Review for the month of May:
The Utah commercial real estate market continues to improve. There has not been a significant amount of change from the previous update at the beginning of March. Rates continue to be aggressive and more lenders are entering the market. We are seeing many lenders considering longer amortization periods for quality projects. We are also seeing many lenders competing for the “good” deals. Lending is still difficult for projects that have a “thorn or two” on the rose, however things overall seem to continue to be improving in the capital markets.