Legacy Lending Partners

Italy's hospitality industry is undergoing transformation as lending conditions shift, prompting hotel owners to adjust their strategies. Guido Castellini from Coldwell Banker Commercial highlighted that while high-profile assets aren't trading, Italian hotels and resorts are thriving in a seller's market fueled by strong tourism demand. New destinations are emerging, offering buyers opportunities to create value. Marco Comensoli from Colliers Italia also noted growing investment interest in resorts, signaling optimism in the market. 🔗 Read more: https://lnkd.in/emajPAMu #HospitalityTrends #ItalyHotels #TourismBoom #HotelInvestments #RealEstate

Hotel companies are facing weak performance metrics as leisure travel demand remains soft, but third-quarter earnings calls are expected to focus on recent disruptions. Two major hurricanes in the Southeast U.S. and widespread hotel strikes since Labor Day are key concerns, especially for real estate investment trusts (REITs) with high exposure to these issues. Analysts like Michael Bellisario note that the impact of strikes on the sector is difficult to model, adding uncertainty to forecasts. 🔗 Read more: https://lnkd.in/gX9C3aEX #HotelIndustry #EarningsSeason #HotelStrikes #HurricaneImpact #REITs #TravelTrends #Hospitality

The commercial real estate loan portfolio at Citizens Financial Group highlights the broader challenges U.S. banks are encountering with the struggling office market. As vacancies rise and property values decline, banks are facing increased pressure. However, banking executives can explore various strategies to mitigate these risks, including portfolio diversification, proactive asset management, and collaboration with distressed property owners to find solutions. 🔗 Read the full article here: https://lnkd.in/g4GpvYC7 #CommercialRealEstate #BankingStrategies #OfficeMarketCrisis #AssetManagement #FinancialSolutions #CRE

The commercial real estate loan portfolio at Citizens Financial Group highlights the broader challenges U.S. banks are encountering with the struggling office market. As vacancies rise and property values decline, banks are facing increased pressure. However, banking executives can explore various strategies to mitigate these risks, including portfolio diversification, proactive asset management, and collaboration with distressed property owners to find solutions. 🔗 Read the full article here: https://lnkd.in/g4GpvYC7 #CommercialRealEstate #BankingStrategies #OfficeMarketCrisis #AssetManagement #FinancialSolutions #CRE

The delinquency rate for commercial mortgage-backed security (CMBS) hotel loans averaged 5.8% during the first nine months of 2024. The lowest rate was recorded in January at 5.65%, while the peak occurred in May at 6.47%. 🔗 Read more: https://lnkd.in/gMfVAF3X #CMBS #HotelLoans #RealEstateFinance #DelinquencyRate #CommercialRealEstate #2024Trends

Multifamily property owners are navigating a complex landscape, but they continue to adapt, maintain profitability, and respond to rapid market changes. At the GlobeSt. Multifamily Fall conference, industry leaders shared insights into the factors driving growth and success across property classes. Moderated by Kamran Paydar of CBRE Inc., the panel featured experts like Eric Ostgarden of AvalonBay Communities, Hailey Ghalib of Affinius Capital, and others, who discussed market activity, challenges, and opportunities—highlighting the impact of expected rate cuts in the coming year. 🔗 Read more: https://lnkd.in/gf_tny7t #MultifamilyRealEstate #PropertyManagement #SustainableGrowth #MarketInsights #RealEstateInvesting

The U.S. hotel construction sector is experiencing growth, with more than 25,000 luxury and upper-upscale rooms currently under construction and an additional 31,000 in the final planning stages. This marks a 4% increase in upper-tier room projects compared to August of the previous year, indicating a rising demand for high-end accommodations as the industry looks toward 2025 and beyond. 🔗 Read more: https://lnkd.in/g7Eh63DC #LuxuryHotels #HotelConstruction #HospitalityTrends #UpperUpscale #TravelIndustry #HotelDevelopment #LuxuryTravel #HospitalityGrowth

EBITDA explained to Kids Explanations for kids... and adults! 📚 Free ebook “Accounting explained to kids” https://lnkd.in/enJ2HhZA 💰 What is EBITDA? EBITDA stands for: Earnings Before Interest Taxes Depreciation Amortization It's a financial metric that shows how much money a company makes before taking into account certain expenses. ❗️ Why is EBITDA important for Businesses? EBITDA is important because it gives businesses an idea of how much money they're generating from their operations. This is useful for investors and lenders who want to know how profitable a company is. It’s like a scorecard to know how much money a company is making. 💸 How is EBITDA calculated? To calculate EBITDA, you need to start with a company's revenue and subtract its cost of goods sold. Then, you subtract its operating expenses (like salaries and rent). This gives you the company's EBITDA. 👧🏼 Example: Let's say you and your friends sell lemonade from a stand. You make $20 selling lemonade, but you spent $5 on lemons, sugar, and cups. You also spent $5 on flyers to advertise your lemonade stand. To calculate your EBITDA, you would start with the $20 you made selling lemonade, and subtract the $5 you spent on lemons, sugar, and cups. This leaves you with $15. Then, you would subtract the $5 you spent on advertising. This leaves you with an EBITDA of $10. 🔼 EBITDA vs Net Income Imagine that on top of your expenses of your lemonade stand you have to pay taxes (for example to be allowed to sell on the street). Imagine as well that you need to put money aside to invest in a new machine or a new stand because your machine is getting old. This is called depreciation. In EBITDA, you don’t take consideration these expenses. But the net income is what remains as profit after all these expenses are taken in account. 👉 Do you have other examples? Share this example around with kids… and adults! (By liking or commenting you will help give visibility to this post, if you found it valuable, consider giving a like 😉)

Despite the focus on best-in-class office spaces, it's the lower-tier two- and three-star properties in downtown Chicago that have shown exceptional performance, with availability rates under 5% through Q3 2024. These properties, often overlooked, post tighter availability than higher-quality segments. 🔗 Read more: https://lnkd.in/gyqPMvDJ #CommercialRealEstate #OfficeMarket #ChicagoRealEstate #PropertyInvestment #CRE

🚨 Just Closed! 🚨 We're excited to announce a successful New Construction Loan for Game Day Men's Health in Skokie, IL! Legacy Lending Partners successfully procured the 𝟏𝐬𝐭 𝐨𝐟 𝟔 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐬 approved in the North Shore of Chicagoland for our borrower. 5 more locations to be announced shortly. Stay tuned! 👏 #BusinessGrowth #SmallBusinessFinance #ConstructionLoan #HealthcareIndustry #SkokieIL #Success