Just thinking.
Any person looking for any building or refi loans or have uncovered any superior kinds recently? scored 3 points on Commercial-Realestate.net!
That means Nolanmooree is 3 points closer to a Free Agent Listing!
3 thoughts on “Any person searching for any building or refi loans or have identified any good types recently? – Score: 3”
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Generally spreads have come in 200 BPS since start of COVID on bridge product for financeable stuff (multi, industrial, office long WALT); it’s really tough to get loans on seniors, hospitality, or retail. I personally haven’t seen any construction loans since beginning of COVID nor do I know anyone who has gotten one (or well even looked for that matter). Anecdotal but my friends with developers are kind of paused right now except on stuff that was already lined up precovid, but hey, that’s just my experience.
I’m a lender – the best advice I give all the time is “find a good qualified capital advisor / commercial mortgage broker to help you secure financing.” Trying to secure your own financing as a real estate sponsor is an exercise in frustration for both you and the lender. u/tmilazzo is on this subreddit and is someone we do business with regularly who you may want to contact. I like Tim – I like lots of people in our industry but to secure financing you need an advocate on your side.
Yes, I am still getting construction loans and refinance loans for commercial single tenant net lease developments/investments, although terms have been tightening.