Borrower profile: Capital Square looks ahead to 2023 lending reboot
November 7, 2022
Capital Square, a Richmond, Virginia-base multifamily manager, was on pace for a record year when transaction activity sputtered to a halt a month or so ago as lending dried up. But Louis Rogers, founder and co-CEO, believes there will be more stability in 2023, which will allow lenders to get back into the market.
“It feels like the best of times and the worst of times. On one hand, there is a gulf between the bid and the ask between buyers and sellers, and there is similar uncertainty on the financing side,” Rogers said. “On the other hand, you think the world is ending but on the other hand, there is still demand for the very best assets.”
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