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Value-add competition will push investors out of their comfort zones in order to compete. This means more players will be on the lookout for off-market deals and/or paying all cash in order to close quickly. Speed of execution is ultimately winning the day. Firms have large subscription lines of credit to buy properties with all More

Look for banks, debt fund and private money lenders to tentatively finance condo deals.  Lending volume will be down because of fewer transactions overall in the condo market.  The lateness of the cycle will lead to lenders being very location- and developer-specific and pickier about which deals they will finance.  Leverage will drop to around More

There will be plenty of capital available for retail loans, but lenders may be more selective going forward.  After dealing with the fallout of online sales, the retail-lending environment seems to have stabilized to its new normal over the past 12 to 18 months.  Count on CMBS lenders to be the most active as some More

Count on Class B and C deals to see even more fiery competition now that interest rates have dropped further. Despite the lower rates, the cost of debt has actually increased, which should keep the market in a stable place. The current headwinds and tailwinds are mostly canceling each other out. The demand for workforce More

Anticipate life company lending volumes to be in line with or above 2018 originations.  LC real estate portfolios will be healthy, and executives are asking their teams for increased commercial real estate exposure.  Many are already starting to look at deals funding into 2020.  Count on life companies to snatch more multifamily market share as More

The amount of equity capital is at an all-time high, and increased competition will lead to investors being more accepting of lower returns.  Investors are confident in the combination of interest rates remaining low for the foreseeable future, positive trends in job creation, low unemployment rates and strong corporate growth.  Real estate is an asset More

Waterton will target $1.1B of multifamily acquisitions in addition to $100M to $125M of student housing. It will be focused on the top 30 markets in both urban and suburban locations. Its team looks at around 500 deals a year, while searching for well-priced opportunities. The company plans to be selective in markets with very More

Land financing will continue to flow as long as the market stays robust.  There is a plethora of bridge lenders entering the market every quarter and this competition tends to force an expansion of the collateral that lenders are usually not willing to consider.  There has been a lot of capital rushing into the market, More