I have been contacted by more lenders in the past 30 days than in the past 30 months… combined. I’m especially excited about the return of the CMBS marketplace. Get ready for the return of cheap, plentiful, non-recourse capital to fund commercial real estate. The dark days are over… time to get back in the [...]
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In October of 2008 I wrote a white paper called, Grave Dancing for Fun & Profit in the Financial Apocalypse of 2008 and Beyond . One of my predictions was The Death of Land calling land: “… the ultimate four-letter word. It is impolite to mention L-A-N-D in polite company because it has no cash [...]
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(Bloomberg) U.S. commercial real estate yields are near the highest level relative to Treasury bonds on record, a signal to some investors it’s time to buy property. Capitalization rates, a measure of real estate yields, averaged 7.22 percent in the second quarter, based on an index calculated by the National Council of Real Estate Investment [...]
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By Christopher Hosford Student housing has come a long way from the bleak dorms of bygone days, or the meager off-campus options that were little better. Today, in many cases, student housing rivals market-rate spa communities in their array of amenities and cutting-edge style. Further, they enjoy generally strong overall occupancy and the prospect of [...]
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By Hal Reinauer The lending world has turned a more watchful eye to property condition and begun to take notice of reduced capital improvement programs. This attention has made it more difficult for those properties with some issues to find a reasonable lending solution, even with stable cash flows supporting the loan request. Appraisers and [...]
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The Apartment Finance Today conference was a great opportunity to share ideas with the best and brightest in the multi-family investment, development and finance industry. The final session of the conference was a panel with three economists focused on answering the key question on everyone’s mind: What are the best & worst nationwide markets for [...]
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I am back from moderating an all-star panel discussion at the Apartment Finance Today Conference in Fort Lauderdale, FL. Our topic: “Small but Mighty: Finding the Best Small-Balance Apartment Loan” was well received by a full house of real estate investors and developers. As sources of capital are becoming harder to find our panel of [...]
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