Commercial Real Estate Markets Update (July 2020)

The methodical growth of the national office market from 2010 through early 2020 has halted, as the United States remains the epicenter of the COVID-19 outbreak. Unemployment assistance is currently set to expire during the third quarter, which..

Bridge Preferred Equity – When is it Appropriate?

Sponsors are familiar with using preferred equity alongside a long-term mortgage loan, typically with a term of 5-12 years. What they may not have considered, however, is that preferred equity can be used alongside bridge debt in a similar..

Multifamily Real Estate Markets Update (July 2020)

Rent Collection is beginning to slow in July. May collections were stronger compared to July but rent growth has continued to decline in certain areas. Gateway markets and lifestyle renters are seeing the largest slowdown in rental growth, while..

Commercial Real Estate Markets Update (June 2020)

As we continue through the health pandemic brought on by COVID-19, investors and pundits are beginning to read the middle to long term effects on the various asset classes and the economy at-large with more clarity. The brief rebound in the stock..

Adding Preferred Equity After the Senior Loan Closes

Sometimes, the closing timeline for a transaction dictates that the senior loan must close prior to the preferred equity close. There can be several reasons for this, including sponsors making the decision to add preferred equity later in the..

Multifamily Real Estate Markets Update (June 2020)

The Effects of COVID-19 are beginning to take effect, as asking rents are declining in most major markets. Renters by necessity are relatively stable in terms of rent growth, by lifestyle rents are being hit the hardest. Rents are declining at..