Most Active Lenders/Investors

Bank lending will pick up steam during the second half of the year. Expect bank lenders to open to new borrowers and property types in order to get money out the door. Banks will continue to heavily target multifamily and industrial deals, but as they look for additional yield and balancing of their portfolios, they More

(2022 projected origination volume and preferences) Romspen$1.5BOriginated $200M so far this year; $10M-$160M loans for all property types; up to 75%-80% LTC, lower for hotels and healthcare; rates typically between 10% and 12%; term determined by the scope of the project, typically up to 36 months; some recourse generally required, completion and cost overrun guarantees; More

(2022 projected investment volume and preferences) KBSVolume: $500M-$1B$200M in in the pipeline so far this year; $50M-$300M equity pieces for office, industrial, multifamily and mixed-use development and infill opportunities; core, core-plus and JV development transactions; well-located business-friendly markets with solid infrastructure and the ability to attract top-tier talent   Canyon Partners Real EstateVolume: $500MInvested $75M so More

(2022 projected origination volume and preferences) Madison Realty CapitalVolume: $4BOriginated $1B so far this year; $20M-$600M+ loans for condos, multifamily, industrial, build-for-rent SFR, build-for-sale SFR, hotels; 4.5%-9% rates depending on LTC; up to 85% LTC; up to 36-month terms plus extension options; non-recourse; all major markets  Associated BankVolume: $2BOriginated $300M so far this year; $10M+ More

Hoteliers will see plenty of available capital, especially for assets with major flags in strong markets. However, hotels in some Sunbelt cities such as Phoenix, Miami and Nashville, Tenn., do not need major flags to grab financing. Debt funds will continue to be the most active lenders, although banks are getting back into the game More

Borrowers will see plenty of bridge options this year. Bridge loans will be great fit for value-add transactions, vacant properties and those that need time for repositioning and lease-up. New lenders are entering the bridge space, which will lead to more favorable terms. Bridge lenders will also start to shift toward riskier properties such as More

Bank lenders will be big players in the commercial real estate game this year with looser terms and larger projected origination volumes than the last two years. Watch for banks to enter new markets and consider riskier deals in order to get money out the door. Construction bank lending will pick back up to more More

There will be plenty of capital available for new construction projects this year. Lenders will especially target residential construction deals as demand for housing soars in many markets. Borrowers and developers will see higher loan-to-cost (LTC) and slightly lower rates as lenders aim to compete for the best deals. Look for a push throughout the More

Hotel lending should return to more normal levels in 2022. Many debt providers that were sitting on the sidelines will re-enter the hotel lending space including banks, life companies and CMBS players, although debt fund, private money and bridge lenders will continue to provide the most capital. Hotels that cater to leisure/vacation guests will be More