March 5, 2024
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Essex Financial Group promotes its first female partner

Essex Financial Group promoted its first female partner, advancing longtime team member Alex Riggs.After several years at Essex working as a producer and with years of extensive capital mar­kets and underwriting experience under her belt, Riggs joined the ranks of several male partners at the firm.Before joining Essex, Riggs pre­viously served as the originator for the Central and Northeast Regions of Pru­dential Mort­gage Capital Co. and originated more than $1.59 billion across all of Prudential’s capital sources. The asset types she specializes in include stabi­lized and pre-stabilized multifam­ily, grocery-anchored retail, hospi­tality, industrial and Class A offic...

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Industrial Financing Themes

It’s starting to become old news to say it, but industrial properties continue to be the most desired product type among investors and lenders. As logistics, technology, e-commerce and construction services companies continue to be such important parts of our economy, the industrial real estate markets continue to flourish. We have worked on a wide range of industrial property financings this year, and we would like to share some frequently asked questions and key financing themes that have come up on recent deals.Question: We recently completed a Class A industrial development and already are 75% leased within six months of delivery. Is it too early to explore the permanent...

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Structured finance for multifamily is more active than ever

This article appeared in Colorado Real Estate Journal's Multifamily Properties Quarterly Issue in May 2021.    LINKMultifamily continues to be the darling of commercial real estate, with both debt and equity chasing a limited number of transactions. While acquisition prices continue to set new records, the affordability of debt allows the deals to pencil.  Within the last two months, we have seen life companies and debt funds alike aggressively compete for structured finance opportunities in order to increase their exposure to multifamily. While in recent weeks treasuries have started to tick up, all-in coupons remain extremely attractive. The follo...

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Retail Lending Options Set to Improve in 2021

This article appeared in the Colorado Real Estate Journal's Retail Properties Quarterly on February 17th, 2020 LINKRetail investor sentiment appears to be slowly improving as recent economic projections indicate a higher probability of a V-shaped recovery commencing in the next few months.  The cloud of uncertainty will be hanging around for some brick and mortar retailers longer than others with omni-channel sales.  However, some experts are predicting the hardest hit tenants like restaurants and health clubs will come back quickly when occupancy restrictions are fully lifted. Experiential retail is another good example where rapid improvement could result fr...

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