Havlena is the editor-in-chief of Crittenden Real Estate magazine and The Crittenden Report: Real Estate Financing, Retail Tenants Report and the Multifamily Report and their respective websites. She has been an editor with Crittenden since 2007 and worked on a variety of real estate publications during her time at the company covering a wide range of topics from restaurant expansion to real estate developers. She has been the lead reporter and editor of Crittenden’s flagship publication, The Crittenden Report, since 2011. She has a degree in Print Journalism from Cal State Fullerton, and resides in Orange County, Calif.
This list includes some of the top hotel lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Look for most of the life companies to be active during the second half of the year as they strive to meet allocations. Total 2024 life company originations will be greater than 2023, although not up to the highs seen in 2021/2022. Life company spreads have come in since the beginning of the year. Debt service coverage ratios will remain tight in the current high-interest-rate environment. Leverage could go up slightly for the strongest deals. Look for life companies to be more open to retail this year, as their portfolios are heavily weighted in multifamily and industrial. They will be aggressive on refinances with low leverage, while cautious with cash-out refinances. More
The Dealmaker Databank highlights some of the most interesting deals that have closed recently or are in process. This information shows you exactly what deals are getting done in today’s market and gives you the contact information of the person who arranged them. More
This list includes some of the top regional banks. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Equity investing will stay limited until the money-center banks return to the sector and more transactions hit the market. Despite there being an enormous amount of equity capital on the sidelines, JV equity is much more selective. Anticipate a greater interest in pref equity versus traditional JV equity from institutional investors going forward. In times of uncertainty, many investors will prefer pref equity over JV, especially as return demands rise. Investors like the risk-adjusted returns with pref equity behind stabilized deals. Many equity investors are sitting on money, just waiting to see what the economy and rates will look like during the second half of the year. More
Summer Pointe Village is a 252-unit, 64-building, build-to-rent community that will be situated on approximately 110 acres adjacent to a retirement community, The Villages. Nuveen Green Capital partnered with Huntington National Bank to provide a combined $40.5M for the new multifamily development project. By using C-PACE, the sponsor, Ezra Stark of Stark Enterprises, was able to complete the debt stack, while reducing the senior lender’s exposure. More
This list includes some of the top life company lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Multifamily has seen a tough start to the year with the lack of transactions and capital remaining on the sidelines. Conditions will likely ease in late Q3 or Q4 once the Fed makes a move to lower rates. Once that happens, capital will open, and transactions will pick up. There has been a dip in rents across the board and loan underwriting has been conservative. Lenders are having to be more creative to get deals done and borrowers will need to bring in mezz or pref equity to fill capital stacks. More
The Dealmaker Databank highlights some of the most interesting deals that have closed recently or are in process. This information shows you exactly what deals are getting done in today’s market and gives you the contact information of the person who arranged them. More
This list includes some of the top condo lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Equity investing has been tough to get done so far this year. There will be a need for a lot of equity going forward, as nearly $1.2T of commercial real estate loans will be maturing in 2024 according to Goldman Sachs. We asked the equity investors themselves what their predictions are for investing throughout the rest of the year and here is what they had to say. More
The 242-unit property is currently under construction and is scheduled for completion this fall. Thorofare liked the very desirable location in the NoDa neighborhood of Charlotte, as it is walkable to downtown, providing tenants access to various retail, restaurant and nightlight venues. The property’s location next to the light-rail station is considered a competitive advantage as tenants will be able to utilize the light rail, as well as the adjacent parking garage. More
Miami, Florida
November 7-8, 2023
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