Keep a close eye on the hotel financing space as we close out 2022 and enter a new year. After being one of the hardest assets to finance since the pandemic, lenders and investors alike will start to notice the favorable yields in the sector, especially as business and convention travel return to more normal More
Office will continue to be one of the least preferred property types over the next year due to the uncertainty associated with the impact of the pandemic on tenant occupancy. CMBS lenders who are typically a strong option have not been as active, while many of the large money-center banks have pulled out of the More
You can find expanded details about these companies and others by subscribing to the Multifamily Report and to the Crittenden Multifamily Online Directory. The Multifamily Report extensively covers all aspects of the multifamily industry. You’ll get coverage and updates on the busiest developers, buyers, management firms, equity partners and more. KA Capital, LLC KA Capital More
Berkadia Institutional Solutions has arranged the sale of Chelsea Museum District to Madera Residential, a Lubbock, Texas-based investment company. Chelsea Museum District is a 325-unit, trophy-quality, multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth, Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia More
(2022 projected origination volume and preferences) CoreVest FinanceVolume:$3BOriginated $2B as of Aug. 31; $500K-$100M+ bridge and term loans for non-owner occupied SFRs, 2-4 unit, condos, townhomes; rental portfolio loans, lines of credit, build-for-rent, single-asset bridge; non-recourse available; Rental Portfolio loans: up to 75% LTV; five- to 10-year terms; Bridge loans: up to 80% LTC; one- More
When Jon Krebbs was in college, a friend recommended he read Robert Kiyosaki’s book, “Rich Dad, Poor Dad.” It was a revelation, he said. “The book inspired me to study business,” he said. “I started taking business and finance courses, and it ultimately led me to commercial real estate.” He acquired his first multifamily asset, More
Equity investors will be active throughout the rest of 2022 but count on them to be more selective than seen earlier in the year. There will be a major push toward core transactions, while capital will slow in the value-add sector. Investors will target multifamily, build-for-rent and single-family rental (SFR) deals because of the shortage More
MG Properties, a private San Diego-based real estate investor, owner and operator, recently purchased 2150 Arizona Ave South Apartments in Chandler, Ariz., for $107 million. Rebranded as 2150 Apartments, the mid-rise community is located in the Chandler submarket of the Phoenix metro and boasts some of the most robust multifamily fundamentals in the area due More
Hotel financing will be available during the balance of 2022 and into 2023 but keep an eye out for stricter underwriting and higher interest rates. Expect a more normal looking year in 2023 as overall allocations should pick up. Transaction activity will increase as maturities near and owners must find solutions through either sales or More
Bernard Financial Group20700 Civic Center Drive, Suite 240Southfield, MI 48076Joshua Bernard, Principal(248) 799-9200jbernard@bernardfinancial.com Bernard Financial closed $6.9M for Powers Court, a 106,325-s.f. Class A office building in Livonia, Mich. Minnesota Mutual Life provided the loan. Bernard also closed $18.5M for a Class A office building and parking deck in Detroit with Fifth Third Bank. Draper More
The Multifamily market remains strong overall, even in the face of rising interest rates imposed to combat stubborn inflation. A new report issued by Marcus & Millichap takes note of the recent cooling of single-family markets due to aggressive actions by the Fed in combating inflation. However, a continued record low inventory of available stock, More
Construction lending has seen it fair share of hurdles over the past couple of years. Materials and labor costs continue to skyrocket and the recent rise in rates has also led to a slowdown in lender activity. Despite these hurdles, construction financing is still available, although with stricter terms and underwriting. Global supply chain issues More
Miami, Florida
November 7-8, 2023
Crittenden Report 12-Month subscribers attend for free!
