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.
Borrowers will see plenty of available bridge capital throughout the rest of the year, especially for multifamily and industrial deals. Rising rates will most likely lead to lower leverage and stricter underwriting than seen the past few years. Bridge lenders will look closer at exit debt yields and future rent projections. They will target deals More
Bridge lenders will continue to fight over multifamily deals during the second half of the year, although rising rates could start to hinder underwriting and terms. There will be a flight to asset quality, deal size and more conservative exit underwriting. Lenders will widen their base assumptions on debt service coverage ratios and debt yields. More
Multifamily borrowers will see plenty of available bridge capital throughout the rest of the year. As long as property fundamental performance continues to increase, the bridge lending market will be extremely active. Although, borrowers will need to prove market fundamentals and be able to demonstrate strong future property performances. Given recent rate increases, the price More
Life company lenders will continue to be active players as we head into the second half of the year. However, some LCs will start to pump the brakes as we enter the fourth quarter and they fill up planned allocations for 2022. Rising interest rates could lead to more caution in the coming months. “Life More
(2022 projected origination volume and preferences) CoreVest FinanceVolume: $3BOriginated $1B+ through May 1; $500K-$100M+ bridge and term loans for non-owner occupied SFRs, condos, townhomes, multifamily; non-recourse available; Rental Portfolio Loans: up to 75% LTV; applicable five-, seven- or 10-year Swap rate+ 250-500 bps; five- to 10-year terms; Bridge Loans: up to 80% LTC; one-month SOFR+ More
Bernard Financial Group20700 Civic Center Drive, Suite 240Southfield, MI 48076Joshua Bernard, Principal(248) 799-9200jbernard@bernardfinancial.com Bernard Financial Group closed a $6.5M permanent loan for a 23,500-s.f. Class A+ office building in Birmingham, Mich. American United Life Insurance Company provided the loan. Cushman & Wakefield1290 Avenue of the AmericasNew York, NY 10104Christopher Moyer, Senior Managing Director(212) 841-9220chris.moyer@cushwake.com Cushman More
See the Online Directory for complete contact information. Hartford Investment Management55 Farmington Ave.Hartford, CT 06105Amy Stepnowski, PresidentRichard Van Steenbergen, EVP, Head of Production Healthpeak Properties5050 S. Syracuse St., Suite 800Denver, CO 80237Thomas Herzog, CEOThomas Klaritch, EVP/Chief Development Officer Heartland Bank & Trust Company401 N. Hershey RoadP.O. Box 67Bloomington, IL 61702Fred Drake, CEO Heitman Financial Services191 More
The 14,878-s.f. lot is located on a prominent corner of the iconic Rodeo Drive in the heart of the Beverly Hills luxury shopping district known as The Golden Triangle. Property Type: Fee Simple Ground Parcel in Beverly Hills, Calif. Loan: $38M Permanent Loan Lender: Lincoln Financial Group Leverage: ~25% LTV Rate: Fixed well inside of More
Industrial borrowers will continue to see plenty of available capital, although rising interest rates will lead to more conservative terms. Life companies will remain the most competitive capital sources in the industrial space, while bank lenders will strive to compete. Count on life companies to beat the banks on pricing for larger deals at lower More
(2022 projected origination volume and preferences) Voya Investment ManagementVolume: $5.5BOriginated $2.2B so far this year; $15M-$150M loans for all the major asset classes plus self-storage and MHC; 50% core lending and 50% core-plus lending; top 50 MSAs Pacific LifeVolume: $3BOriginated $1.55B so far this year; $40M-$500M loans for multifamily, industrial, necessity-based retail, limited hotels and More
Lenders of all types will aggressively seek industrial loans, although rising rates could lead to some caution. Despite changes in the market, most lenders still see industrial as a safe property type and will all strive to compete in the space. “Demand has been strong and will remain so until we have more industrial supply More
Borrowers will see a strong lending appetite from life insurance companies, especially as interest rates are moving up. LC originations were strong during Q1, albeit at rates lower than they are today. One hiccup could be that some insurance companies look at investing in corporate bonds as an alternative, and with those yields up it More
Miami, Florida
November 7-8, 2023
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