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More and more equity players are aiming to place money in the multifamily space. Investors who need to fulfill their 2019 quota will be scrambling until the end of the year to get money out. The caveat is they are keeping their downside in mind, so watch for more pref equity terms with JV players More

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