Investors are returning to smaller cities such as Provo, Utah and Clarksville, Ind. in search of fresh opportunities and higher yields. And they are pulling lenders along with them. Debt and equity financing available for deals in tertiary markets is far from free flowing. Yet there is a growing pool of lenders willing to do those deals. “The market is opening up. It is not as open as financing in the core markets, but it is better than it was three years ago,” says Andrew Kirsh, ...
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