Texas President and Chief Lending Officer quoted in SNL Financial
Published on Jul 19, 2017
In a July 6 article, Vince Ackerson was quoted in an article about crisis-era CMBS.
"The relatively placid market stems partly from higher property valuations, which make the math on new loans more favorable. Low interest rates have driven capitalization rates — a valuation metric that drops as prices rise — down to roughly half the long-term norm, Vince Ackerson, chief lending officer for Texas Capital Bank, a leading commercial real estate lender in Texas, said in an interview."
Read the full article: https://www.snl.com/web/client?auth=inherit#news/article?id=41181633&cdid=A-41181633-