April 20, 2023
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Student housing is sizzling
The student housing market is red-hot and those in the know say the sizzle is not done yet. According to Yardi Matrix, student housing had its best year on record in 2022, with some 48% of beds in 200 schools tracked by Yardi already leased for fall 2023. Even though climbing interest rates have cooled More
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The most active bank lenders for April 2023
(2023 projected origination volume and preferences) Associated Bank Volume: ~$2B Funded $500M so far this year; $10M+ loans for multifamily, office, industrial, cautious with retail and hotels; less than five-year terms; 75% leverage TIAA Bank Volume: $2B Funded ~$400M so far this year; $2M-$50M+ loans for multifamily, student housing, industrial, self-storage, retail, flex/industrial, medical office, More
