Adam Finkel, Principal and Co-Founder of Phoenix based Tower Capital, joins America’s Commercial Real Estate Show to discuss how interest rates, underwriting, and lender sentiment are affecting the commercial real estate market. The brief rise in rates, quickly followed by the recent drop, is discussed as relief for borrowers just as increases were anticipated. The conversation moves on to underwriting, which Finkel describes as relatively unchanged. He comments that multifamily and industrial remain the darlings of the commercial real estate market, while retail is a sector of which lenders remain wary. How appraisals are coming in, an interesting question, is discussed, with appraisals for cash out refinancing having more issues than that for purchases.