HALL Structured Finance’s Post

2023 has been an interesting year for new developments. With high interest rates and significant cuts in commercial loans, financing new construction has been harder in the Greater Boston area. We’ve also felt the pressure!⁠ ⁠ We have our permit in hand for our 34-unit new development in Hyde Park. The challenge is securing financing in this high-interest rate environment. ⁠ ⁠ Nonetheless, the real estate market has seen some relief over the past few weeks with interest rates dropping and new regulation approvals on multifamily properties, so we’re hopeful! ⁠ .⁠ .⁠ ⁠ What has your experience been with financing this year?⁠ ⁠ Do you have a new development project that you’re working on and how have you dealt with restrictions on financing? ⁠ ⁠ Leave us a comment!⁠ ⁠ We’d like to hear from you. ⁠ .⁠ .⁠ .⁠ Enis Shehu, Joni Shehu, Mark Gullifer, Brunno Goncalves, Sebastian Rodriguez #newdevelopment #fixandfliprealestate #bostonrealestate⁠ #realestateinvesting #realestatedeals⁠ ⁠ #hardatwork #realestate #massrealestate #familybusiness #realestateinvestment #webuyhouses #realestatedevelopers #realestatedevelopment⁠ #REInvestors ⁠

The pattern of analyzing CRE loans of late has been shaking heads at the progress of maturing office properties and taking some solace in... #gabeonthego #multifamily #properties #propertymanagement #proptech #realestate

Multifamily loans are having difficulty getting paid off, according to a recent analysis by Moody's Analytics. “Not only did more than half of the loans in October fail to payoff, the October maturity defaults of $303 million make up over half of the $600.3 million of loans that have failed to payoff all year.” #realestate #multifamily #investing

Our team recently closed another multifamily bridge loan which will help our client conduct major interior and exterior property enhancements. The 18-month fixed loan provides enough time for our borrower to improve property revenue and perm out this loan in a more favorable rate environment. The loan was structured at 77% LTV and no prepay penalty, with the borrower self-funding capital improvements and interest carry. Bridge products can still make a lot of sense for apartment deals as cap rates widen and interest rates contract. Special thanks to Sean Farag and MBI Equity Partners for your help in making this happen! #capitalmarkets #CBRE #debtandstructuredfinance #multifamily #bridgeloan #agencylending #realestate #realtor #developers #CRE #CREfinance #fixnflip #purchaseloan #refinance #commercialrealestate #mortgagebroker #closeddeal #capitalmarkets #1031exchange #investmentproperty #investmentrealestate #cashoutrefi #money #commercialloan #constructionloan

Our team recently closed another multifamily bridge loan which will help our client conduct major interior and exterior property enhancements. The 18-month fixed loan provides enough time for our borrower to improve property revenue and perm out this loan in a more favorable rate environment. The loan was structured at 77% LTV and no prepay penalty, with the borrower self-funding capital improvements and interest carry. Bridge products can still make a lot of sense for apartment deals as cap rates widen and interest rates contract. Special thanks to Sean Farag and MBI Equity Partners for your help in making this happen! #capitalmarkets #CBRE #debtandstructuredfinance #multifamily #bridgeloan #agencylending #realestate #realtor #developers #CRE #CREfinance #fixnflip #purchaseloan #refinance #commercialrealestate #mortgagebroker #closeddeal #capitalmarkets #1031exchange #investmentproperty #investmentrealestate #cashoutrefi #money #commercialloan #constructionloan

BRIDGE FINANCING on BUILD TO RENT and MULTIFAMILY: We are seeing some very attractive bridge financing options for build to rent developers once the product is completed but not fully leased. This allows for some savings from most construction loans taking the sting out of construction loan rates during lease up and providing some cheaper runway. Some options: - Five year Treasuries plus 215 bps spread ( approx. 6.5% rate today) - Fixed rate that comes with prepayment penalties but it is assumable. - Floating rate at SOFR plus 275 bps spread (approx. 8% rate today) - No prepayment penalties and will obviously decrease with any rate cuts (if they ever come to be). Reach out to discuss. #BTR #BuildtoRent #CRE #Finance

Turn your construction dreams into reality with our Ground Up loans. Offering up to 100% construction financing, these loans are your key to kickstarting new residential or multifamily projects. #ConstructionFinance #NewProjects"

Commercial property renovation can be a smart move for ambitious developers. Whether you're repositioning an underperforming asset or upgrading an older building, the ultimate goal is to enhance value. However, funding these projects isn't always straightforward. Traditional lenders often shy away from loaning money for properties that aren't yet generating income. That's where bridge loans come in. https://bit.ly/3RtdrIw

COMMERCIAL CONSTRUCTION CAPITAL   One of our lenders is actively financing commercial construction.   They like Hotels and will consider most types of CRE.   They are a non-bank lender; no checking account/compensating balance requirement. (bankers - refer a client’s loan request to me and keep their deposits at your bank)   For land owned/permit ready projects and for A, D, & C projects: LTC 85% hard costs, 80% land, 0% soft costs Prime+0% to P+1% rate range, 1pt lender fee I/O payments, 2yrs with two 6mth extension options   Will lend on raw land, to experienced developers, at 30-40% LTC/LTV.   tim@creedpartners.org 321-663-0674 #bank #banker #creditunion #banks #development #developmentloan #developmentfinance #developmentfinancing #construction #constructionloan #constructionfinance #constructioncapital #hotel #capitalstack #commercialconstruction #lenders #lender #hotels #commercialcapital #hospitality #permitready #ADC #land #developer #commercialdevelopment #developments #build #construct #growthcapital #CRE #commercialrealestate