Sara Havlena

Lenders will start to consider office loans once again, especially as workers return to buildings over the next few months.  Those lenders that can manage risk when underwriting will see a better risk/reward profile versus some of the other property types in their search for yield.  Office properties with strong operating histories in solid markets/submarkets More

Expect a robust CMBS lending market during the second half of the year.  The capital market has stabilized over the last six months and predictions point to CMBS lending returning to pre-pandemic levels by next year.  There is demand from the bond market, as these loans are viewed as providing a great value.  Borrowers will More

Financing for the single-family housing sector is on fire with a major push toward single-familyrentals (SFRs) and the build-for-rent space.  There has been a shift out of apartment living and towards single-family homes, leading to home sales skyrocketing and a housing shortage in many markets.  New lenders are vying to get in the game, which More

Watch for life companies to be very liquid and aggressively pursue loan opportunities going forward.  Life companies want to originate more this year than in 2020, which could lead to higher loan minimums.  Expect this trend to continue into Q4 when they will start filling allocations for the year.  Keep an eye out for LCs More

There will be a plethora of JV and pref equity money available this year and investors will have to become creative in order to compete.  Expect a push toward ground-up and opportunistic transactions as value-add deals will be harder to find.  It is tough for investors to place capital in value-add investments due to the More

Look for bank lending to become more aggressive throughout the course of the year as more and more banks re-enter the market.  Bank lending will especially start to ramp up over the next 60 to 90 days as the population is vaccinated, jobs return and the economy strengthens.  Keep an eye out for banks to More

Bridge lending is going to be an incredibly active space this year with the large influx of available capital and the majority of distressed assets yet to hit the market.  Count on strong demand for bridge lending throughout the year and going into 2022 as a result of the recent uncertainty and instability caused by More

Expect ample available financing for multifamily construction this year, with most lenders expected to return to the space by the second half.  Construction lenders who remained active during the pandemic will likely become more aggressive with their underwriting as the economy continues to improve.  Other lenders who paused have already re-entered and are eager to More

Industrial borrowers will see more favorable financing terms this year due to economic fundamentals and relatively low capital expenditure needs.  More lenders will be entering the industrial space and will compete for loans this year.  The onset of COVID-19 increased the need for online shopping and the trend for online retailers to offer next-day delivery. More

Lenders will target self-storage deals since occupancies and lease-ups have remained strong throughout the pandemic.  With no current headwinds, the industry is poised for continued growth and a solid performance over the next few years.  Most of the REITs are reporting higher same store occupancy year-over-year, as well as strong revenue.  As lenders re-allocate capital More

There will be plenty of available debt and equity for multifamily this year with all capital providers striving to compete.  Lenders consider multifamily a safe asset class and see increased demand because of the predicted housing shortage.  Banks will be a great source of capital, but for long-term money, life companies and agencies will win More