Jefferson Apartment Group (JAG) initially pursued this 190- unit property but was unfortunately not selected when it came to the final round of the bidding process. However, a month later
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Watch for self-storage financing to be robust this year because of demand and the amount of competition for strong deals in today’s market. Banks, credit unions, life companies, debt funds, bridge and CMBS will be some of the most active lenders. Self storage continues to have a lower default rate than other property types and is beginning to see upticks in rental rates and occupancy following a slower period. More
This deal included a hotel plus a condo conversion for a rehabbed property in downtown Detroit. The condo financing plus the hotel financing made for a challenging duo. Bank of America liked the strong and experienced sponsorship along with the quality of location and the product. This loan took out an existing construction/bridge loan. The loan has a five-year term, interest only. More
Sports and entertainment retailers are grabbing sites in markets across the country. Retail landlords are drawn to these brands as they typically can bring in all-day traffic and usually take up larger spots. Pickleball venues continue to be hot, along with trampoline parks, bowling alleys/arcades, golf simulators and even immersive game show venues. More
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Higher leverage is now attainable and pricing will be more competitive. New capital is flowing into the construction lending space from both debt funds and traditional lending sources and You need a subscription to access this content. Subscribe Now Already subscribed? Click here to login. More
Miami, Florida
November 7-8, 2023
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