Interest rate increases in 2022 and 2023 caused all real estate lending markets to tighten, but that is now changing.

Investors expect no rate increases in the near term, and we may finally see modest rate decreases in 2025.

Confidence is returning to most segments of the industry.

Office is still hard hit in most cities, but adaptive re-use of office properties is attracting an increasing amount of private money financing.

Quality projects and sponsors continue to be offered the best private money debt and equity terms.

Private lenders still prefer loans on property types considered less risky, such as industrial, multi-family, senior living, healthcare, student housing, SFR build-to-rent portfolios and self storage.

However, other types, and special situations with good fundamentals, are still getting loans closed.

Preferred locations are large metros and second tier cities, but with the right investor onboard, provable demand, a good business plan and a strong sponsor, good quality deals are getting done in smaller cities and even in some rural locations.

CURRENT PRIVATE MARKET TERMS

$1 Million to $150 Million+ Funding Amounts

Full Capital Stack Structures Available For Project Financing

Senior Debt / Stretch Senior, Plus Mezz and Equity Available

Construction Senior Debt Plus Equity, With Mini Perm and Perm Option

Commercial Real Estate Debt Restructuring and Creative Options

PRIVATE BRIDGE DEBT

7.50 % to 11.50% Interest Rates

Typically Priced at a Spread Over SOFR

Low Loan Fees – Very Competitive in the Industry

Purchase, Refinance, Value Add, Transitional/Reposition, Special Situations, Land, Development, Construction, Full Project Financing

PRIVATE PERM DEBT

6.00% to 10.00% Interest Rates

Competitive Loan Fees

Purchase, Refinance, etc.

MEZZANINE DEBT

Low to Mid-Teens Pricing Available

Typically Suited to Bridge Loan Structured Deals

PRIVATE EQUITY

Pref Equity and JV Equity

Pref Equity Pricing Is Generally Mid-Teens to Low-Twenties

JV Equity Pricing is Deal Dependent

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CALL OR EMAIL FOR MORE INFORMATION

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