Retail borrowers are going to see more available capital throughout 2022 as most lenders have returned to the sector. Lenders will also open to retail centers that do not have a grocery anchor, although they will still prefer assets with strong cash flows and long-term leases. Spreads will tighten slightly along with modest increases in More
Senior housing acquisitions and development are expected to see a sharp increase in activity this year — a trend which should heavily continue over the next few years. As the baby-boomer tenant base ages, the demand for senior housing is only going to grow. While Florida will continue to be a powerhouse in terms of More
Borrowers will see more available capital for retail after a couple of years of being scarce. Lenders have been aggressive on multifamily and industrial assets but are now starting to balance out their portfolios to achieve higher yields. Look for banks, life companies and CMBS lenders to fund more retail deals this year. Debt funds More
Madison Realty CapitalVolume: $1BOriginated $800M in 2021, originated $200M so far this year; $20M-$700M loans for all classes and condos including boutique buildings; up to 80% LTC, 75% LTV; rates as low as 4.5% for inventory loans, 6.75% for construction; non-recourse; 12- to 36-month terms; all major markets CIM GroupVolume: $400M$75M-$300M condo construction and inventory More
CMBS originations will pick up considerably this year, as the market is wide open and conduits ramp up production. Pricing had shifted and spreads are not as tight as they once were, especially with the expectation that the Fed will raise rates. Expect CMBS lenders to focus on strong debt yields and longer lease terms More
Borrowers will see plenty of bridge options this year. Bridge loans will be great fit for value-add transactions, vacant properties and those that need time for repositioning and lease-up. New lenders are entering the bridge space, which will lead to more favorable terms. Bridge lenders will also start to shift toward riskier properties such as More
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Cost strains on development should continue throughout 2022 and well into 2023, though despite this, expect the multifamily segment to remain a strong asset class. Demand for workforce housing will continue to grow, and as such, expect developers operating within that segment to be heavily active in order to provide adequate supply. Count on More
Middleburg Communities expects acquisition trends in 2022 to continue the breakneck pace experienced last year, with a lot of sales on the market. “Volume is going to be incredibly elevated. There’s a lot of new capital showing up,” said Kory Geans, chief investment officer for Middleburg Communities, noting that there’s been a massive influx of More
Borrowers will see more available capital and slightly looser terms for land loans this year. Banks, bridge lenders, debt funds and private capital providers will be the best bet for land. Banks especially like these deals as a way to also grab construction financing when the land is ready for development. The cheapest land financing More
Elements Apartments will be a 167-unit mid-rise apartment property with a third quarter 2023 completion date. Limited sales comps of recently built Class A multifamily properties provided a hurdle to support the “as complete” underwritten valuation. However, Thorofare was confident with the significant increase in market rents that has been attributed to newer Class A More
Though the early parts of 2021 saw some slowdown in terms of overall acquisition and development pipelines, the latter half of the year saw massive increases in buyer demand. This trend is only going to continue well into 2022, as the volume and demand for the multifamily segment is hitting record highs. Expect several developers More
Miami, Florida
November 7-8, 2023
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