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Multifamily borrowers will continue to gain the most favorable terms as all lenders strive to compete in the space.  Equity requirements have increased and leverage has not been pushing quite as high since cap rates remain low.  But pricing is still at all-time lows and underwriting will continue to loosen.  Leverage for most deals will More

Lenders are coming back into the land space, especially for single-family and multifamily development entitled sites.  Watch for additional capital providers to re-enter the market during the rest of the year, as lenders strive to meet origination goals.  The majority of lenders that were in the space pre-pandemic should be back in the game.  Lenders More

There is a growing restaurant fad in which side dishes are featured as the main course. This appears to be the next wave of the “snack” trend, following in the footsteps of the upscale coffee/tea/dessert/boba craze. As customers seek quick and convenient bites to eat at cheaper price points, they are consequently gravitating to “side More

Now that the majority of the country’s COVID-19 restrictions have eased up, the populace is once again looking for social activities outside of the home. Going to the movies is still a relatively affordable thrill, in comparison to seeing a live concert, a theatrical show, a professional sports game, or even an escape room experience More

Demand for mixed-use development is on the rise as residential supply becomes increasingly thin amid fervent demand. Watch for a surge in mixed-use development pipelines in hot markets such as Florida, Georgia, Tennessee and Texas, although owners and developers are now dipping their toes outside of the Sunbelt in some Midwest and East Coast cities. More

Massive investments in the multifamily segment point to heavy competition amid huge acquisitions, with investment groups aiming to scoop up portfolios across several hot regions of the United States. Expect the Sunbelt to continue to dominate, but as more and more investors vie for single-family home rentals and value, expect the geographic reach of multifamily More

Look for lenders to be more aggressive with hotel-to-multifamily conversion loans going forward. This is quickly becoming a favored product type as the space stabilizes and more entrants are able to point to case studies of success. Many lenders that provide ground-up construction loans for rental housing will enter the game. Lenders will like that More

The boom in single-family housing looks to put a massive dent in the multifamily industry, as investors continue to bank heavily on the single-family home market amidst unprecedented demand. Single-family rentals (SFRs) in particular are seeing massive demand, with sweeping acquisitions, along with some multifamily companies expanding portfolios into the SFR market. Part of the More