Tim Stute, Managing Director, Head of Specialty Finance and Chris Hemler, Director of Specialty Finance, both with Hovde Group discuss the current state of the M&A environment in the commercial finance industry and what may be in store for 2023. Stute and Hemler address who the buyers are in today’s market, how valuations are being impacted, seller expectations, the impact of rising interest rates on M&A activity, and much more.