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Count on financing to be readily available for hotels as long as fundamentals hold up.  There will be a steady stream of capital for permanent and bridge loans, while construction will be more limited with stringent underwriting.  Sponsor experience, borrower financial strength and assets with high-quality flags will be key.  Location will also be important More

Expect the construction market to be very active, as there is a lot of new construction going on in top markets.  Economic indicators remain strong, pointing to continued growth in employment and wages, which will support commercial real estate and future construction volume in the long run.  The biggest source of construction lending volume remains More

Count on banks, life companies and CMBS lenders to aggressively seek industrial deals going forward.   Watch for all lenders to become more bullish with terms and underwriting in order to capture the best deals next year.  Industrial will match multifamily in being the most sought-after property type going forward.  Lenders will be drawn to industrial More

Real estate executives from around the country flocked to Miami to attend Crittenden’s Real Estate Finance Conference that started September 12 at the Mandarin Oriental Hotel.  The ballroom was packed as speakers from IBS Investment Bank, Valley National Bank, CenterState Bank, Silver Hill Funding and USDV Capital kicked things off with the “Head to Head More

The multifamily lending train is not slowing down, as there is still a plethora of demand and record amounts of capital entering the space.  Freddie Mac and Fannie Mae will continue to control the market.  However, due to their regulator (FHFA) potentially cutting back the number of capped business they can produce, the other lenders More

Self storage will continue to be an asset that banks, life companies and CMBS lenders embrace.  Lenders will be drawn to the strong cash flows and stable performances this asset provides.  They will also like the fact self storage is not subject to overbuilding, as the barriers to entry are difficult.  Self storage also requires More

Hoteliers will see available capital for construction deals if they have an experienced sponsor, a favorable location and major flag.  Look for underwriting to be more sensitive according to where the economy is in the cycle, as many are forecasting a cyclical downturn in the next couple of years.  This means there is a good More

Count on bank lenders of all sizes to be bullish in multifamily lending going forward.  Borrowers will have no problem grabbing 70% to 75% leverage.  Five-year fixed rates will be in the 4% to 4.5% range, while seven-year loans will be 4.25% to 4.75%.  Expect 5%-plus rates for seven- and 10-year terms in secondary markets More

Count on more competition in the bridge lending space as more equity shops, lenders and even owners join those whom have already made the push into the bridge world.  This abundance of liquidity will lead to more aggressive terms and underwriting.  Borrowers will see leverage pushed to 80% as lenders all compete to grab the More

There will be more equity capital in the market than the past few years, the challenge will be finding strong opportunities and sites for developers.  Expect JV equity investors to seek more development deals going forward as the value-add market becomes oversaturated.  Equity investors will be willing to take development risk in their search for More

Count on lenders to look toward land deals because of the favorable yield in this competitive market.  Some lenders are full on land for the year, which leaves room for new players to grab some strong loans in the coming months.  Watch for private lenders and debt funds to pick up any slack left behind More

Count on banks, life companies and CMBS lenders to be selective when funding office loans during the second half of the year.  Financing will be available for most office buildings of all types and sizes, but borrowers will need to show favorable occupancy histories in healthy markets/submarkets. Expect to see rates from 4.25% to 5%.  Pricing More