JLL Capital Markets has achieved a milestone after finalizing the acquisition of a six-property multi-housing portfolio in Los Angeles County. Five of the properties are located in San Fernando Valley and one is located in West Los Angeles. The six low-rise and high-performing apartment communities total to 155 residential units. With the unstable nature of More
After being hit particularly hard by COVID-19, this sector appears poised for some well-deserved growth. A possible recession. Rising interest rates. A continuing labor shortage. These are just some of the challenges facing the senior housing market. But most experts see the industry’s fundamentals continuing to improve. That’s because that nasty miniscule spiked ball we all More
Once the black sheep of the real estate market, golf courses are rapidly coming back into favor with investors. The beleaguered asset class has posted record numbers in the last few years, both in terms of per-course earnings and sale prices. Coming in just as hot is the marina business, which has also posted some More
(2023 projected origination volume and preferences) Romspen Volume: $400M Funded $125M so far this year; $10M-$100M loans for all property types with a focus on residential and presold/preleased commercial other than office; up to 75% LTC; fixed and variable rates at ~WSJ Prime+ 400-600 basis points; loan term determined by the scope of the project, More
Cronheim Mortgage 205 Main St. Chatham, NJ 07928 David Poncia, Associate Director (215) 478-1863 david.poncia@cronheimmortgage.com Cronheim Mortgage arranged a $12.9M construction loan for a Class A self-storage project in El Paso, Texas, with a regional bank lender. The loan was structured with a fixed interest rate and a 75% LTC. The facility will span 151,000 More
Self-storage borrowers will see plenty of available capital over the next few months as lenders view this as a viable asset class. The lack of recent new construction in most markets has led to increased demand and the sector is showing favorable demographics. Self storage is quickly becoming one of the top asset classes. Many More
See the online directory for complete contact information. Jcap Private Lending 3151 Airway Ave., Suite Q3 Costa Mesa, CA 92626 Bob Eakin, CEO KeyPoint Credit Union 2805 Bowers Ave. Santa Clara, CA 95051 Javier Eredia, Business Banking Sarah Samuel, Director, SBA Lending Kidder Mathews 101 Mission St., Suite 1800 San Francisco, CA 94105 David Nelson, Regional President More
(2023 projected origination volume and preferences) Driftwood Capital Volume: $200M Funded $50M so far this year; $5M-$50M loans for select- and full-service boutique and branded hotels with more than 90 keys; 85% LTV/LTC; three-year terms with extension options; non-recourse; flexible DSC ratios and debt yield; nationwide ORIX USA’s Real Estate Capital Group Volume: $100M-$150M Funded More
Senior housing lending should return to more normal levels in 2024. Demographics remain favorable with many forecasts indicating a shortage of supply in the long term, leading to a wave of demand. Fundamentals in the operations of assets are slowly improving. A lot of states have stepped up with improved Medicaid rates, and in many More
See the online directory for complete contact information. Churchill Real Estate 450 W. 14th St., Ninth Floor New York, NY 10014 Justin Ehrlich, Founding Partner Derrick Land, Managing Partner Sorabh Maheshwari, Founding Partner Genworth 6620 W. Broad St. Richmond, VA 23230 Thomas McInerney, President/CEO Guggenheim Investments 330 Madison Ave., Eighth Floor New York, NY 10017 Ali Laureda, More
Berkadia 300 S. Orange Ave., Suite 1500 Orlando, FL 32801 Michael Weinberg, Managing Director (321) 319-1419 michael.weinberg@berkadia.com Berkadia arranged acquisition financing for Castle Hotel, Autograph Collection by Marriott, a 213-key boutique hotel located in Orlando, Fla. Orlando is seeing tremendous performance growth and this asset is directly adjacent to the new multi-billion theme park Universal More
(2023 projected origination volume and preferences) Dwight Capital Volume: $1B Funded $350M so far this year; $10M-$200M loans for garden-style midrise multifamily in areas with strong barriers to entry; 85% LTC; 1.176x DSC; 6.25% rates; 40-year term/amortization plus up to two-year construction period; non-recourse; focused primarily on secondary markets such as Salt Lake City, Dallas, More
Miami, Florida
November 7-8, 2023
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