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.
(2023 projected origination volume and preferences) Driftwood Capital Volume: $200M Funded $50M so far this year; $5M-$50M loans for select- and full-service boutique and branded hotels with more than 90 keys; 85% LTV/LTC; three-year terms with extension options; non-recourse; flexible DSC ratios and debt yield; nationwide ORIX USA’s Real Estate Capital Group Volume: $100M-$150M Funded More
Senior housing lending should return to more normal levels in 2024. Demographics remain favorable with many forecasts indicating a shortage of supply in the long term, leading to a wave of demand. Fundamentals in the operations of assets are slowly improving. A lot of states have stepped up with improved Medicaid rates, and in many More
See the online directory for complete contact information. Churchill Real Estate 450 W. 14th St., Ninth Floor New York, NY 10014 Justin Ehrlich, Founding Partner Derrick Land, Managing Partner Sorabh Maheshwari, Founding Partner Genworth 6620 W. Broad St. Richmond, VA 23230 Thomas McInerney, President/CEO Guggenheim Investments 330 Madison Ave., Eighth Floor New York, NY 10017 Ali Laureda, More
Berkadia 300 S. Orange Ave., Suite 1500 Orlando, FL 32801 Michael Weinberg, Managing Director (321) 319-1419 michael.weinberg@berkadia.com Berkadia arranged acquisition financing for Castle Hotel, Autograph Collection by Marriott, a 213-key boutique hotel located in Orlando, Fla. Orlando is seeing tremendous performance growth and this asset is directly adjacent to the new multi-billion theme park Universal More
(2023 projected origination volume and preferences) Dwight Capital Volume: $1B Funded $350M so far this year; $10M-$200M loans for garden-style midrise multifamily in areas with strong barriers to entry; 85% LTC; 1.176x DSC; 6.25% rates; 40-year term/amortization plus up to two-year construction period; non-recourse; focused primarily on secondary markets such as Salt Lake City, Dallas, More
Hotel lending volumes should increase in the coming months, especially as the wall of maturities gets closer. A lot of lenders have been on the sidelines, but the asset class is performing well and garnering attention from capital providers. More lenders are starting to dip their toes back in the space, although with cautious underwriting. More
(2023 projected origination volume and preferences) 3650 REIT Volume: $500M $15M+ loans for all primary asset classes; existing asset recaps, limited development, SASB B-pieces, value-add multifamily portfolio deals; fixed- and floating-rate options; partial accrual options; up to 85% leverage; typically two- to five-year terms but may consider up to 10 years; generally non-recourse; domestic markets More
C-PACE is long-term, fixed-rate, non-recourse financing that is repaid as a special assessment on the property that can fund improvements related to energy savings during construction, rehabs and/or adaptive reuse. This is a great way for borrowers to enhance leverage and is cheaper than mezz and pref equity. Current rates are in the low to More
See the online directory for complete contact information. German American Bancorp 711 Main St. Jasper, IN 47546 Ashley McCreary, VP, Commercial Banking 1854 Midland Trail Shelbyville, KY 40065 Michael Ritchey, VP, Commercial Banking Glacier Bank 202 Main St. Kalispell, MT 59901 Pete Akey, SVP, Commercial Loan Manager HAB Bank 99 Madison Ave. New York, NY 10016 Saleem More
(2023 projected origination volume and preferences) AVANA Capital Volume: $150M-$250M Funded $50M as of April 2023; $3M-$20M loans for limited-service, select-service, extended-stay Hilton, Marriott, Choice, Hyatt, G6 and Wyndham hotels with 150 or less keys; Conventional loans: 65% LTV; 36- to 60-month terms; Bridge/Construction loans: 65%-75% LTV; 36-month terms; SBA 504 Acquisition loans: up to More
There is plenty of available capital for retail, although there is still a flight to quality in the sector. Lenders will be cautiously optimistic, especially since retail is seeing low vacancies across the country as inventory is tight, which is driving rents up. Many lenders are also full on multifamily and industrial, and retail is More
Ariel Property Advisors 122 E. 42nd St. New York, NY 10168 Eli Weisblum, Senior Director, Capital Services (212) 544-9500, Ext. 41 eweisblum@arielpa.com Ariel Property Advisors arranged a $14M loan to refinance Chesterfield Village, a 156,960-s.f. shopping center in Chesterfield, Mich. The loan featured a 5.25% interest rate, 25-year amortization schedule and five plus five-year term More
Miami, Florida
November 7-8, 2023
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