Student Housing Surge
Student housing has become an increasingly attractive asset this past year. Pre-leasing numbers, current occupancy rates and year-over-year growth reached near all-time highs, indicating a robust market. In contrast to the plateaued multifamily housing market, student housing just experienced an average yearly rent surge of around nine percent. This acceleration is likely attributed to higher […]
Interest-Rate Caps
Real estate investors with floating-rate loans will purchase rate caps as insurance from rate hikes and increased debt service. In fact, many commercial mortgage-backed security (CMBS) lenders will require their borrowers to purchase rate caps. If the Secured Overnight Financing Rate (SOFR) rises above a predetermined strike rate, the cap is considered “in the money,” […]
New Opportunities Caused by the Industrial Boom
Over the past few years, there has been an explosion of demand for industrial commercial real estate. This trend can be attributed to online shopping emerging as a convenient alternative to traditional retail. The pandemic and national lockdowns crippled retail and brought industrial demand to a new level entirely. In addition, shipping costs and supply […]
Current Commercial Real Estate Market Conditions
Any historian worth their salt will tell you that history repeats. Patterns of similar thought and behavior can be identified throughout human history across cultural and generational boundaries. The same applies from an economic standpoint. Markets are cyclical, and there is much to learn from the past. Luckily for us, in 2023, we can observe […]
Golf Course Repurpose
Many golf courses across the U.S. have closed as the sport’s popularity continues to decline, especially among younger generations. This has led to a surprising trend in the Chicago suburbs, where industrial buyers are snapping up golf courses for their land at a rapid pace, according to CoStar. Golf courses offer hundreds of acres of […]
CMBS Trouble
Commercial mortgage-backed securities (CMBS) are investment products that offer liquidity to commercial lenders and real estate investors by using mortgages on commercial properties as collateral. These fixed-income investments provide a relatively reliable source of income to investors while also providing financing opportunities to commercial lenders. However, in 2023, the reliability of CMBS is deteriorating in […]
Is Your Bank Running? You Better Go Catch It…
It’s bidding day! The FDIC is selling Silicon Valley Bank and Signature Bank, and the bids are due today. Only bidders with existing bank charters (and a little luck o’ the Irish) will be given access to the bank’s financials, when deciding whether to make an offer. This gives existing lenders the upper hand on […]
BayBridge Real Estate Capital Sources $85 million For South Florida Luxury Apartments
NEW YORK, Sept. 12, 2022 – BayBridge Real Estate Capital today announced it secured an $85 million loan to help Invesca Development Group complete construction on PIXL Plantation, a 330-unit luxury apartment building located five miles west of downtown Ft. Lauderdale, Fla. Located in the Sunrise Boulevard corridor between Florida’s Turnpike and State Road 7, […]
BayBridge Real Estate Capital Arranges Financing for an MC Hotel in Montclair, NJ
BayBridge Real Estate Capital’s Jay Miller, AJ Felberbaum and Spencer Miller arranged financing for a hotel property in Montclair, New Jersey. Loan profile: Refinance Property: The MC Hotel, located at 690 Bloomfield Ave, Montclair, NJ. The hotel is a part of Marriott’s Autograph Collection. Sponsorship: The Hampshire Companies is a privately held, fully integrated […]
Hall Structured Finance Closes Loan to Refinance The MC Hotel in Montclair, NJ, Financing Sourced by BayBridge Real Estate Capital
Article from HotelBusiness.com Hall Structured Finance closes loan to refinance The MC Hotel in Montclair, NJ Dallas-based Hall Structured Finance (HSF) has closed a first mortgage bridge loan to refinance the MC Hotel, an Autograph Collection by Marriott property located in Montclair, NJ. The MC Hotel was developed by a joint venture between The Hampshire […]
