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
Commercial real estate lending has been on a wild ride over the last year and while most lenders have re-entered the market, the landscape looks a bit different than it did pre-pandemic. We have seen major shifts in the most sought-after markets as people left major urban cities and fled to the suburbs. The Southeast More
Bridge lending will be aggressive for the rest of the year with a plethora of capital chasing deals. Look for banks to return to the space along with life companies, debt funds and other players. Rates are at historically low levels, and there is a record amount of dry powder that needs to be invested. 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
Retail lending is returning to normal levels, especially as businesses are opening back up and consumers have money to spend. Some lenders and investors, however, caution that this boost in spending is only temporary. Select lenders will be slow to return if they were burned throughout COVID-19 but others, especially banks, are quickly re-entering the More
There are new brands of veterinary clinics popping up in more upscale urban retail spaces, attracting a large number of millennials who are open to pet ownership. During the COVID-19 lockdown, as childless millennials were craving companionship, there was an uptick of pet adoptions, at a rate of 15% more in 2020 than in 2019. More
Capital will be available for land deals and count on non-bank lenders to be the busiest in the sector as banks are being cautious. Lenders are reverting back to conservative traditional underwriting because of perceived risk in land lending. The stronger the borrower, the more likely the financing will be attainable. Now that the pandemic More
Small-balance multifamily lending will be robust throughout the rest of the year. There is strong data supporting acquisitions, as rates are hovering around historical lows and most COVID-19 restrictions are being waived. Watch for new lenders and investors to enter the space in the coming months. Bank lenders will especially increase production in a significant More
Multiple property acquisitions from investors continue to be a hot commodity, with buyers bolstering their portfolios in up-and-coming markets. Signs are pointing to subtle shifts away from the Southeast region and into the West Coast and Southwest areas of the Sunbelt, with increased demand in states like California, New Mexico, Arizona and Nevada. Expect hold More
Student housing is set to see a strong bounce back as the fall semester looms and for the time being, the pandemic looks to be on the downswing. Expect acquisitions to be particularly hot in the coming months, with buyers and investors hoping for big returns in the space. Watch for heavy competition within student More
Phoenix continues to be an increasingly attractive market for the multifamily segment and as supply is quickly being gobbled up, investors will be on the lookout for value-add opportunities in buildings with 100+ unit counts. Likewise, sellers will be keen to move properties when the right buying partner comes along, which Tower 16 Capitals Partners More
Miami, Florida
November 7-8, 2023
Crittenden Report 12-Month subscribers attend for free!
