Providers who’ve been waiting on the sidelines in a lending environment that felt nearly impossible are already coming to the table, ready to make new deals, after the Federal Reserve made its first rate cut in four years on Sept. 18.
That’s the report from Tami Antebi, the New York-based senior vice president and head of healthcare for global bank BHI.
“They’ve been looking forward for the last year for these cuts to come,” Antebi says during this episode, recorded live at the National Investment Center for Seniors Housing & Care’s 2024 Fall Conference in Washington, DC.
“It’s a really positive improvement. A lot of deals that didn’t make sense before are going to be making more sense,” Antebi tells McKnight’s Long-Term Care News Senior Editor Kimberly Marselas. “Things that they couldn’t do, like construction, people may pick up and do those types of deals.”
But not everything will change at once, Antebi notes. Take a listen to discover which loan products might be more affordable most quickly, and how to work with lenders as the deep freeze on many traditional bank loans begins to thaw.
