Commercial Observer’s Post

We recently funded a multifamily construction loan in Gervais, Oregon. This loan will finance the construction of much-needed apartments in an underserved area. The development includes two fourplexes for a total of eight units. The client is an experienced builder and developer who tried to work with a local credit union for the construction financing, but struggled with the cumbersome process of a traditional commercial construction loan. He wanted something more streamlined that could help him move quickly without delays caused by paperwork and bureaucracy. We were able to close on his multifamily construction loan in less than two weeks so he could focus on what he does best: building. See more on this recent project here ---> https://lnkd.in/g33BTHUM #cetanfunds #newconstruction #newbuild #homebuild #hardmoney #spechome #privatemoney #hardmoneylending #privatemoneylending #realestate #oregonrealestate #realestateinvesting #residentialrealestate #commercialrealestate

From Warehouse to Multifamily: My Unique Real Estate Strategy Discover how I turned a warehouse into a profitable multifamily housing project. Learn about land entitlement, construction loans, and the process of erecting a 25-unit complex building. Watch now to unlock the secrets of my success in the real estate industry. #RealEstateInvesting #MultifamilyHousing #WarehousetoHousing #ConstructionLoans #PropertyDevelopment #RealEstateStrategy #InvestmentOpportunities #LandEntitlement #RealEstateSuccess #ProfitableProjects

In addition to the hurdles that multifamily property owners are facing with re-financing on traditional loans that are maturing, CRE CLO bring additional risk to owners holding this kind of debt. Leverage our data to find acquisition opportunities at below market pricing. Feel free to reach out to me to discuss how you can access these opportunities jcummings@costar.com "46% of CRE CLO loans still aren’t generating the net operating income that was baked into the loan underwriting"

Not even development land is safe from what's happening in the residential real estate market... The truth behind the housing crisis is being exposed. ------------- "As we’re seeing more and more across Ontario — and across Canada, for that matter — development land is highly prone to falling into distress. In many cases, developers are finding themselves indebted in the high millions, rendering their projects stalled with uncertain futures. Maplequest Ventures Inc. — a privately held real estate development company based in Richmond Hill — is a quintessential example. Maplequest is the registered owner of two residential development sites in Brampton that were placed under receivership on June 26, 2024, amid allegations that the company is in default of close to $90M in loans. Those lands include a 50-acre site at 10475 Heritage Road, which is in the process of being developed into 147 townhouse units, 288 mid-rise apartment units, and 1,599 high-rise apartment units, as well as a 19-acre site at at 11229 and 11258 Torbram Road, which is being developed into 144 low-density single-family dwellings and 27 freehold medium density townhome dwellings." https://lnkd.in/geN4JEJe

Ready Capital is your go to if their program meets your criteria.

Tight lending standards and the high cost of development loans continue to impede the financing of new multifamily projects. #multifamilyhousing #housingmarket #markettrends #marketreports #flooringnews #construction #flooringindustry

Single-family properties are standalone residential buildings designed to house one family or tenant. Examples include detached homes, townhouses, and some condos. Investors purchase these properties with the goal of renting them out to a single tenant or family; they earn income from that sole source. Multi-family properties are residential buildings designed to accommodate multiple tenants or families simultaneously. This category includes duplexes, triplexes, apartment complexes, and more. In this case, investors have multiple income sources from the various tenants residing in the property. Which one's right for you? The answer isn't as straightforward as a "yes" or "no". DM us, mention your requirements and goals, and we'll help you make the right call! And when it's time for a real estate loan, our team will be right here to help you secure the funds you need to kick-start your upcoming project! https://buff.ly/3WCWPhU #Loan #RentalLoan #RentalLoans #HardMoney #RealEstateInvesting #RealEstateFinancing #RealEstate #RealEstateLoan #RealEstateLoans #InstaLend

A recent Newsweek article continues to shine light on Seattle's housing shortage, underlining increased density as a key strategy. While density can be a sensitive topic, it's crucial to explore smart development models that create vibrant, walkable neighborhoods alongside much-needed housing units. Strategic density with a focus on mixed-use development and green spaces can be a win-win for both affordability and community building.  What other creative approaches can we explore to create a more sustainable and inclusive housing market in Seattle? Let's discuss! #SeattleHousing #SeattleRealEstate #HousingShortage #MissingMiddle

Another fun project I'm helping clients' with is this structural renovation of their existing owner occupied home. As you may be aware, there is more than one way to fund a renovation. Indeed, not everyone opts for the traditional construction loan as this can at times be limiting depending on the process of the builder/architect. For this client, even though they are completing a structural renovation, they were able to refinance and use the equity they had in the property to obtain the funds they needed for the renovation. The major difference between a cash out/top up vs. a construction loan is that when you do the cash out you get all of the funds upfront and will have to manage the payments to the builder yourself. If you opt for a traditional construction loan the bank manages that process and pays out the progress payments at pre-agreed stages as per the construction contract. We've got a little article on this topic if you wanted to read further about this type of loan: https://lnkd.in/gBe8QbJN

“Our refurbishment loan product is proving popular with borrowers keen to retrofit older homes with newer, greener technologies. Recent research revealed that 19% of landlords use credit cards or other short-term financing options to pay for renovations, and a further 60% are using their personal funds or investments. Both options have their benefits, but can also limit a borrower’s ability to scale by draining cash reserves, or can leave a borrower constrained by credit limits. A short-term refurbishment loan offers them the freedom and ability to not only improve their properties, but to enhance the value. Our interest rate discount is of course also a huge draw in the current climate.” Suparn Sapatnekar Octopus Real Estate https://lnkd.in/eARuSZrK #bridgingfinance