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.
Commercial real estate lending has been on a wild ride over the last year and while most lenders have re-entered the market, the landscape looks a bit different than it did pre-pandemic. We have seen major shifts in the most sought-after markets as people left major urban cities and fled to the suburbs. The Southeast More
Bridge lending will be aggressive for the rest of the year with a plethora of capital chasing deals. Look for banks to return to the space along with life companies, debt funds and other players. Rates are at historically low levels, and there is a record amount of dry powder that needs to be invested. More
Look for lenders to be more aggressive with hotel-to-multifamily conversion loans going forward. This is quickly becoming a favored product type as the space stabilizes and more entrants are able to point to case studies of success. Many lenders that provide ground-up construction loans for rental housing will enter the game. Lenders will like that More
Capital will be available for land deals and count on non-bank lenders to be the busiest in the sector as banks are being cautious. Lenders are reverting back to conservative traditional underwriting because of perceived risk in land lending. The stronger the borrower, the more likely the financing will be attainable. Now that the pandemic More
Small-balance multifamily lending will be robust throughout the rest of the year. There is strong data supporting acquisitions, rates are hovering around historical lows and most COVID-19 restrictions are being waived. Watch for new lenders and investors to enter the space in the coming months. Bank lenders will especially increase production in a significant way More
Retail lending is returning to normal levels, especially as businesses are opening back up and consumers have money to spend. Some lenders and investors, however, caution that this boost in spending is only temporary. Select lenders will be slow to return if they were burned throughout COVID-19 but others, especially banks, are quickly re-entering the More
Look for conduits to open up to non-favorable asset types, such as hotels and retail, in the coming months. The capital market has stabilized over the last few months and predictions point to CMBS lending returning to pre-pandemic levels by next year. CMBS lenders with integrated platforms that offer multiple products will be the most More
Millennials are moving away from major cities and starting families, a trend that was sped up by the pandemic. Financing for the single-family housing sector is on fire with a major push toward single-family rentals (SFRs) and the build-for-rent space. There has been a shift out of apartment living and towards single-family homes, leading to More
COVID-19 has hit many retail properties hard and most lenders are not funding retail properties at this time. Property Type: A Retail Shopping Center in Placerville, Calif.Loan: $3.9M Refinance Lender: Symetra Life CompanyLeverage: 30% LTVRate: 3.76% The fact that Hangtown Village Square located in Placerville, which is a smaller market located in between Sacramento and Lake More
Hoteliers will see more available capital during the second half of the year, especially as most lenders expect revenues to greatly increase this summer. Look for debt funds, private money lenders, CMBS lenders and even some banks and life companies to be active. Business travel is starting to pick back up, along with wedding and More
Construction lending will be robust during the second half of the year and borrowers will see plenty of available capital from debt fund, private money and bank lenders who are all re-entering the market. New capital is flowing into the space from both debt funds and traditional lending sources and this increased competition will lead More
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Higher leverage is now attainable and pricing will be more competitive. New capital is flowing into the construction lending space from both debt funds and traditional lending sources and this increased competition will lead to looser underwriting. Higher leverage is now attainable and pricing will be more competitive. Positive fundamentals and sponsorship experience will be More
Miami, Florida
November 7-8, 2023
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