June 20, 2024
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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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Essex and PGIM Real Estate finalize correspondent relationship to source Fannie Mae and Freddie Mac loans

Denver, January 4, 2021 – Essex Financial Group (“Essex”) has formed an exclusive correspondent relationship with PGIM Real Estate to source loans intended for sale to Fannie Mae and Freddie Mac. With this relationship, Essex will work with PGIM Real Estate’s origination team in the Rocky Mountain region and have access to their DUS and Optigo lending platforms. PGIM Real Estate is one of the only lenders to hold DUS and Optigo licenses that is not a bank or a brokerage company and is one of the top agency lending platforms in the country. In 2019, PGIM Real Estate originated $2.1 billion on behalf of Freddie Mac and $5.0 billion on behalf of Fannie Mae, making the fir...

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Potential CRE Tax Implications for 2021

As the presidential election appears to be concluded, commercial real estate investors are now strategizing for the future impacts of new taxation policies under a different administration. It is worth prefacing this article with the fact that these changes / proposals are all preliminary at this point, as there are many factors that will ultimately determine whether or not these become a reality. That being said, it can greatly benefit investors to be proactive in re-evaluating their investment strategies under increased taxation policies.There are three primary proposed changes to the tax law that would affect CRE investors:Raising capital gains from 20% to ordinary...

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