Sara Havlena

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.

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  • in Most Active Lenders/Investors, Premium

    Stonehill, Access Point Financial and Rockbridge lead hotel lending going into 2023

    (2023 projected origination volume and preferences) StonehillVolume:$1B-$2BWill fund $1B total this year, ~$600M funded YTD; $10M-$100M loans for limited- and select-service premium-branded hotels; 70% leverage; one- to five-year terms; non-recourse unless the deal requires it, nationwide with a focus on Sunbelt states Access Point FinancialVolume:$1.5BWill fund $850M total this year, $500M funded YTD; $5M-$75M loans More

  • in Latest Finance Trends, Latest Multifamily Trends, Premium

    Multifamily lending terms will get tighter heading into 2023

    Multifamily borrowers will continue to see aggressive lending, although with much stricter terms. There has been a slowdown in both acquisition and refinance loans, a trend that is anticipated to continue for the first part of 2023. Expect more conservative underwriting for the next 12 to 18 months, especially increased caution when underwriting the exit. More

  • in Most Active Lenders/Investors, Premium

    Editor’s choice for the top land lenders

    (2022 projected origination volume and preferences) RomspenVolume: $350M-$450MWill fund $445M total this year, $267M funded YTD and $178M in the pipeline; $8M-$50M loans for entitled land, infrastructure and land servicing deals; rates typically 10%-12%, 2% lender fee; up to 60%-65% LTV; recourse/guarantees frequently required; primary and secondary urban markets with regional populations of around one More

  • in Multifamily News, Premium

    Banks plan to target affordable multifamily deals

    Regional and local banks will be aggressive for multifamily deals, although watch for them to start requesting a depository relationship. Look for banks to provide lower pricing and higher proceeds in order to compete.

    Properties in the Southeast will see lots of bank dollars, as those markets are still hot. As for the rest of the U.S., banks will start targeting affordable deals.

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  • in Latest Finance Trends, Premium

    Rising rates, inflation and a possible recession

    While many hurdles have come our way since the beginning of the year, the rise in rates has caused the biggest frenzy in commercial real estate lending and equity. The Fed announced its second consecutive 0.75% increase in July, its fourth bump this year. Many lenders, especially major banks such as Wells Fargo and Bank More

  • in Latest Finance Trends, Premium

    CMBS lenders face challenges

    CMBS lenders will have a tougher time getting money out the door going forward.  The total CMBS origination for 2022 will most likely be less than originally expected. With CMBS bond spreads widening, CMBS pricing has not been competitive with banks and other lenders. This has resulted in less volume across the board. Deals that More

  • in Most Active Lenders/Investors, Premium

    Editor’s pick for top CMBS lenders

    (2022 projected origination volume and preferences) Morgan StanleyVolume: $9BOriginated $6B so far this year; $5M-$1B+ loans for office, multifamily, MHC, self-storage, industrial, retail, hotels; up to 75% LTV; five- to 10-year terms; interest only available depending on the leverage and asset; global markets  Wells FargoVolume: $8BOriginated $6.25B so far this year; $1M+ loans for office, retail, industrial, More

  • in Latest Finance Trends, Premium

    Self storage will be a hot commodity in 2023

    Self-storage lending will be robust going into 2023. Keep an eye out for increasingly more lenders looking to enter the space due to competition in the other asset classes. There will be increased demand for self-storage since families will be downsizing and relocating as housing costs rise. Lenders like the fact that there has not More

  • in Dealmaker Databank, Premium

    Updates from Aries Capital, Colliers, and more in this month’s dealmaker databank

    Aries Capital80 S.W. Eighth St., Suite 2000Miami, FL 33131(954) 806-9378Brandon Perdeck, Director, Capital Marketsbperdeck@ariescapital.com Aries Capital closed a $19.5M construction loan for Allure on Enterprise, a 130-unit ground-up multifamily development in Orange City, Fla. The bank loan is interest only for 18 months during construction and contains an option to be converted into a mini More

  • in Latest Finance Trends, Premium

    Industrial feels the heat of tougher market conditions

    Industrial assets remain some of the most sought after by lenders, but recent market changes have affected terms, underwriting and even lender demand. “Lower leverage has become the new normal for 2022,” said Shawn Givens, vice chairman, debt & structured finance at Colliers. “Deals that used to get 70% LTV are now averaging 50% to More

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