Post-Covid interest rate increases caused all real estate lending markets to tighten, but that has been changing.

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

Confidence is returning to the industry.

Adaptive re-use of office properties continues to attract an increasing amount of investment capital.

Quality projects and sponsors are still offered the best financing terms.

Private lenders still prefer to place debt and equity on property types that show the best demand and growth: Industrial, Multi-Family, Senior Living, Healthcare, Student Housing, SFR Developments 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

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

Commercial Real Estate Debt Restructuring and Creative Options

PRIVATE BRIDGE DEBT

7.00 % to 9.00 % for purchases and refinances of cash flowing properties

Typically Floating at a Spread Over SOFR

Low Loan Fees – Very Competitive

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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