Equity investing has been tough to get done so far this year. There will be a need for a lot of equity going forward, as nearly $1.2T of commercial real estate loans will be maturing in 2024 according to Goldman Sachs. We asked the equity investors themselves what their predictions are for investing throughout the rest of the year and here is what they had to say. More
The 242-unit property is currently under construction and is scheduled for completion this fall. Thorofare liked the very desirable location in the NoDa neighborhood of Charlotte, as it is walkable to downtown, providing tenants access to various retail, restaurant and nightlight venues. The property’s location next to the light-rail station is considered a competitive advantage as tenants will be able to utilize the light rail, as well as the adjacent parking garage. 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
Financing for industrial will continue to be strong from all lender types, especially for stabilized properties and those with preleasing. Financing for spec industrial construction deals will depend on the submarket vacancy rate and the level of supply that is coming online. Industrial has a bit of an advantage over multifamily because of rents and government policies in certain markets. Borrowers will see plenty of available capital, although lenders could be a bit pickier going forward. 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
Alan Crittenden, who founded the Crittenden Report and related real estate conferences, passed away May 7 from complications related to Alzheimer’s disease at his home in San Diego. He was 81. In 1972, Crittenden founded the Crittenden Report, a newsletter that covers commercial real estate financing. It was originally a marketing tool designed to support his growing mortgage brokerage business. However, he quickly found that subscribers were willing to pay for the newsletter and focused his business full-time on publishing. 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
Look for all types of lenders to seek retail deals throughout the rest of the year. Retail is stable and many consumers have returned to brick-and-mortar retail stores. Retail vacancies are at an all-time low and the lack of new development set to come online will continue to drive demand, as well as lead to better pricing. Look for lenders to be more aggressive in underwriting, with lower rates and more proceeds. As lenders work through challenged office loans and seek payoffs, they are looking to redeploy that capital into retail, a net positive for the retail sector. More
Western Garden Commercial is a retail pad site equaling ~24.5 acres of land just a few miles south of the Cardinals Stadium. The subject is nestled among the Taylor Morrison and Fulton Homes SFR communities and the Algadoon Center being developed by Lennar. The borrower needed to refinance out of a private money deal and needed funding to complete pad delivery for a sale and/or ground lease delivery. More
This list includes some of the top equity investors/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 available capital for office, although lenders will continue to be extremely selective and cautious. Refinances and acquisition loans will be challenging for the foreseeable future. Lenders will seek financially strong borrowers and properties with stable operating histories and no near-term lease exposure. Office lending will remain tough for a while as many lenders are still dealing with problem loans. Even if the loans are performing well, there will still be issues if they are maturing soon. Count on asset-by-asset underwriting. Borrowers who are trying to get financing without bringing new cash to the deal will face some hurdles. More
The Crittenden Multifamily Conference kicks off next Wednesday, May 8. Multifamily investors, developers, brokers, lenders and other experts in the multifamily space will assemble at the Gaylord Texan Resort and Convention Center in Grapevine, Texas, for two days of instruction and networking to take their game to the next level. More
Miami, Florida
November 7-8, 2023
Crittenden Report 12-Month subscribers attend for free!
