The economy gained traction in recent months as restrictions eased with a current reported fully covid vaccination rate of more than 40% for the US. Since the start of the pandemic, retail financing faced higher rates and less lender interest. With more stores open and consumer confidence rising, lenders are warming up to retail. There may still be a slight adjustment to pricing or underwriting, but it is less than before. Additionally, many finance professionals and economists believe we will see increased interest rates over the next weeks/months as the economy improves. Furthermore, economists indicate that the historically high inflation rates that we are witnessing coupled with President Biden’s proposed infrastructure plan can have an impact on the outcome of interest rates over the next few months.
All rates and spreads are as of June 1st, 2021.