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.
Bank lenders of all sizes from the major banks to the smaller local players will strive to compete this year and all plan to provide more commercial real estate loans than 2021. Borrowers will see more competitive terms and overall more available bank capital. Banks will also start to look at property types other than More
With so many unknowns in the market, such as COVID-19 surges, the continuation of work-from-home policies, the return of business travel, supply chain issues, possible inflation and the discontinuation of Libor, 2022 should be a very interesting year. Here are the top five things we think you should watch in commercial real estate in 2022. More
Although this was a fairly straightforward condo loan with strong pre-sales and a repeat borrower, Trez Capital had to juggle and structure a high-leverage loan in a secure manner and successfully created a solution that worked for both Trez and the borrower/developer, Treasure Island Investment Holding LP. The project was almost 50% pre-sold, which significantly More
Hotel lending should return to more normal levels in 2022. Many debt providers that were sitting on the sidelines will re-enter the hotel lending space including banks, life companies and CMBS players, although debt fund, private money and bridge lenders will continue to provide the most capital. Hotels that cater to leisure/vacation guests will be More
Hotel lending completely dried up last year and lenders have remained cautious during most of 2021. Things are expected to greatly improve in 2022 with lenders returning to the hotel space providing more options for borrowers. As transaction activity starts to pick up, loans for acquisitions, development and recapitalizations will be more readily available. “Lending More
CMBS (Commercial Mortgage-Backed Securities) lending has been slow to recover after the pandemic and most lenders in the space remained cautious throughout 2021. However, these lenders expect to increase originations in 2022 and once again become a great option for borrowers wanting 10-year, non-recourse loans with favorable leverage and competitive rates. Traditionally, CMBS financing has More
This deal included a construction loan on a single-family home in Paradise Valley, Ariz., that was under contract to a third party before the home was fully completed. The investor had acquired an old residential home that he wanted to demolish and then split the land into two lots, sell one of the lots and More
The senior housing space was hit especially hard during the pandemic as facilities had to shut their doors to new residents and many families moved their loved ones out. The sector is now in recovery mode and lenders and investors are both returning to the space. “There is a large appetite for these deals, particularly More
Bridge lending in real estate investments continues to be an extremely robust sector with new players entering the game seemingly every week. Lenders are drawn to bridge loans as they provide favorable returns. What Exactly is Bridge Lending? These loans help borrowers “bridge” a gap in financing, whether to help get a property through rehabs More
There will be more available capital for ground-up construction projects going forward, especially for the hottest property types such as residential and industrial development. Borrowers will see more favorable terms going into the New Year, as lenders strive to compete. Construction lenders will seek deals in markets with population growth such as the Southeast and More
The total life company commercial real estate lending volume for 2021 is expected to reach $70B to $75B by year’s end. Most life company lenders have increased their allocations for commercial mortgages this year and are expected to boost their origination goals even more in 2022. However, the amount of capital chasing real estate deals More
First Bridge Lending was confident that this single-tenant industrial property, built in 1989, was in a supply-constrained area and the building had attractive attributes. The 31,850-s.f. property was being sold by an owner-user tenant and part of the sale was a four-month rent-free leaseback period. Following the four-month period, the building would be 100% vacant. More
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