From 2012 at least through 2021 we all were Placing Floating Rate Portfolio Debt on Deals (200 Basis Points over Bank/Agency). The Equity was happy to participate. Why not? It seemed like the Gravy Train of practically zero interest was not going to end for the foreseeable future and the Metrics were safe and sound. Unfortunately the Cheese Cake has Floated up and up and the Toppings are taking a Tumble. Time to Recapitalize if possible. New Deals need to have Bank or Agency Debt Fixed for the Hold Period with the required Metrics to have hope of getting Institutional Equity. HJ Places Institutional Programmatic Debt and LP, CO-GP Equity Capital. Michael@hj2day.com
Michael Hall’s Post
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Friends - Capital Brokers - Entrepreneurs - we get approached every day by you wanting to CO-Broker Deals to our Sources. Almost two decades ago I tried CO-Brokering and it failed enough times I gave up on that business model. If you are a sole operator and have a Pipeline of quality Sponsorships and Deals but no access to Capital that actually gets the job done; then you should consider joining HJ as a Relationship Manager. We don't CO- Broker and we don't pay Referral Fees, but we welcome productive Team Members. HJ Places Senior, Mezzanine, Preferred, Participating Preferred, LP, CO-GP and JV Capital. Michael@hj2day.com
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Animal Spirits in CRE are vibrating! Rates coming down, back to office trending, Covid in the rear view mirror - the Cycle is rolling over. Our Debt and Equity Sources are reaching out for great Deals. HJ Places Senior, Mezzanine, Preferred, Participating Preferred, LP, CO-GP and JV Capital. Michael@hj2day.com
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