This was a refinance of a leasehold interest governed by a Government Property Lease Excise Tax (GPLET) structure, which provides 21 years of property tax abatement. That created complexity during underwriting but also presented a compelling economic story. The borrower also received cash-out proceeds, and the structure included a tailored seasonality reserve that allowed summer draws to be funded in installments instead of upfront. More
This list includes some of the top condo lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Construction financing will continue to be tough because of less development, tariff volatility, rising costs and overall uncertainty. Although, look for a ton of available capital from the non-bank stretch senior debt funds. More
The Dealmaker Databank highlights some of the most interesting deals that have closed recently or are in process. This information shows you exactly what deals are getting done in today’s market and gives you the contact information of the person who arranged them. More
This list includes some of the top bridge lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Borrowers will see plenty of available capital for self storage. Life companies plan to increase allocations this year, CMBS lenders have returned to the market and regional banks will be a larger player, particularly for bridge and construction debt. Self storage has been stable and boasts the lowest default rate of any of the property types. Lenders are starting to take notice of property performance and increasing demand drivers. More
The Shops at the Cardinal retail center broke ground last month and will include retailers such as Swig, McDonald’s, Starbucks, Senor Taco, Nautical Bowls, Bonchon, Pacific Dental Services, Jeremiah’s Italian Ice and other inline tenants. Increasing costs required the reconsideration of the budget prior to the final GMAX GC contract, which led to some hurdles. However, Foothills Bank liked that the nine-acre project was 95% pre-leased with national tenants comprising many of the pads. More
This list includes some of the top bank lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Count on plenty of available capital for small multifamily assets going forward. Over the last few months banks have come back to the market and are now competing aggressively with the agencies. Banks are targeting more permanent lending and will put out a bucket of money for small-balance deals. Regional lenders will remain active in tertiary markets, while agency lenders will continue to cater to borrowers nationwide. There will be more focus on mission-driven/affordable workforce housing — especially from the GSEs. More
The Dealmaker Databank highlights some of the most interesting deals that have closed recently or are in process. This information shows you exactly what deals are getting done in today’s market and gives you the contact information of the person who arranged them. More
This list includes some of the top bridge lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More
Borrowers will see an increase in industrial loans this year, especially with the boom in e-commerce and many companies trying to optimize their supply chains. Liquidity in the debt markets will continue to increase, underwriting fundamentals will hold and the race for spreads to bottom will continue. Many life companies are prioritizing industrial loans this year so watch for them to stretch underwriting to compete. Lenders will target acquisition and refinance loans. More
Miami, Florida
November 7-8, 2023
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