October 18, 2024
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Life company lenders will be full speed ahead in 2025
Watch for life companies to have a huge lending appetite next year, leading to plenty of available capital. Most LCs plan to beat their 2024 allocations in 2025. Rates are expected to drop again, which will encourage borrowers to proceed with refinancing or acquisitions. This surge in transactional volume should increase life company originations. Borrowers will see higher leverage and lower debt yield minimums. Anticipate LCs to be more detailed in their underwriting and look closer at rent trends, co-tenancy and retention ratios. More
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Deal of the Week: Self Storage in Ludowici, Georgia
This Class C Store-4-Less self-storage facility sits on roughly 2.25 acres in Ludowici. The current building boasts around 12,000 rentable square feet and was built in 2007. One major hurdle was that the borrower had to close in less than 45 days. The lender liked that this is a well-maintained facility that includes an electronic keypad entry gate, security cameras, exterior lighting and fencing. In addition to the amenities, there is ample room to expand for additional mini-storage buildings, as well as boat and RV parking. More
