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    Industry leaders will make their CRE predictions at the Crittenden Finance Live Virtual Event

    We are bringing together the experts for a Crittenden Finance live virtual event to get their predictions of what will happen in the market throughout the rest of the year and into 2025. These industry leaders boast a variety of expertise in commercial real estate and will use this webinar to answer these questions and more: How do I get my deal done in today’s market? What type of lenders are the most active? What will happen with rates? More

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    Multifamily catches a glimpse of positive change at the end of Q2

    The multifamily market saw continued stabilization, a narrowing of spreads, moderate going-in cap rate decreases, as well as some changes in rent growth assumptions according to CBRE’s recent Q2 2024 Prime Multifamily Underwriting Survey. Phoenix and Washington D.C., saw reductions in unlevered IRR targets. Austin continued its streak of boasting the lowest underwriting risk requirements, while Dallas saw exit cap rates increase.    More

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    Lenders put senior housing back on the table

    Keep an eye out for more lenders considering senior housing deals once again. The sector has already seen more lending activity than this time last year. This is a function of banks re-entering the market, along with other factors such as an uptick in acquisitions, as fundamentals across the sector continue to improve. Banks are also no longer providing extensions, thereby motivating borrowers to sell. The increase in transactions will help with re-establishing values. Margins in the industry are also beginning to recover, such as expenses and payroll costs stabilizing. More

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    Deal of the Week: Barcelona on Chisholm Trail in Fort Worth, Texas

    Barcelona on Chisholm Trail is a 17-building multifamily community spanning over 10 acres, built in 1982. Greystone arranged the deal, which includes $3.35M of pref equity and $19.5M in bridge financing provided by a debt fund. The major hurdles were the fact that this was replacing a current bridge loan with a new bridge loan, which means you are making a loan to the same sponsor on deal that needs more time to execute the business plan. More

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    CMBS lending will become more competitive

    CMBS lending has vastly improved over this time last year and will continue to steadily increase throughout the rest of 2024. With around $45B already originated, total originations could be close to $100B total this year. This means the sector is returning to more normal levels. The overall outlook for CMBS is very strong, especially as compared to the regional banks and life company lenders. CMBS is able to offer higher proceeds as they size the loans off an interest-only payment, versus amortizing. The biggest advantage they offer is the ability to buy down the rate. Borrowers can buy down the rate by up to 6% points. More

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    Small retail lending is gaining momentum

    There will be plenty of available capital for small retail deals, even from the local and regional banks. Count on lender optimism in the retail space, as fundamentals are strong, partially driven by the high costs to build new product. Lenders like that the sector has not been overbuilt and much of the obsolete product More

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