April 23, 2018
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Essex Financial Group - Real Estate Analyst Opening

Essex Financial Group – Real Estate Analyst Job Description  Company Description:Essex Financial Group ("Essex") is the largest independently-owned commercial mortgage banking firm in Colorado.  Essex specializes in commercial real estate debt and equity placement.  For over 30 years, Essex has helped its clients navigate the capital markets efficiently to identify the best capital source and structure to meet their financing needs and objectives.As a loan correspondent for 25 life insurance companies, including several on an exclusive basis, Essex is able to access non-recourse, low-interest rate capital that nobody else can provide.  While founded a...

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2018 1Q Financing Update

The start of a new year provides us with a chance to reflect on the past twelve months and identify a few key insights into the capital markets that our Borrowers can hopefully take advantage of heading into 2018.  Perhaps the most dramatic change in the debt markets in 2017 was the flattening of the yield curve, brought on by the Federal Reserve’s decision to raise its target for the short term federal funds interest rate on three separate occasions in March, June, and December. The federal funds rate is the interest rate that banks charge each other for overnight loans, and as a result, has a more direct impact on short-term interest rates. The chart above shows...

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2017 Mid-Year Financing Update - Spotlight on Multifamily Lending

The first half of 2017 has seen tremendous lending activity from our correspondent life insurance companies, as several are ahead of plan for their 2017 loan allocations.  Essex has recently observed that life companies have been particularly competitive lending on multifamily properties, especially in the past few months.   The multifamily lending space is typically the domain of Freddie Mac and Fannie Mae, but recently, Essex has observed several life companies outperforming the two agencies, both in terms of loan proceeds and interest rate.  Two multifamily deals that Essex has worked on in the past two months have stood out in particular.  O...

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Featured Image for Are We Amidst A New Era of Construction Finance?

Are We Amidst A New Era of Construction Finance?

This article appeared in the September 21st issue of the Colorado Real Estate Journalwww.crej.comThe rumors and anecdotes you have heard about difficulties securing construction financing are true – banks are significantly curtailing their construction loan allocations and tightening their lending requirements, signaling a shift in how development deals might get financed going forward.  Banks are citing new regulations as reasons for this pullback, but these regulations have been in place for years.  Why the sudden change?  After speaking with several bankers, the answer appears to be a combination of two factors – a weariness of the high volume, low marg...

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