The Mortgage Bankers Association’s president, Bob Broeksmit, shared recently that he believes that headlines don’t match #CRE fundamentals and do not adequately focus on income-producing assets, and nuances of the lending environment. hubs.la/Q01Jz5Xg0 #AvatarFinancialGroup

Avatar breaks down the steps a borrower needs to prepare for the #CRE loan closing process. Creating a concise but thorough Executive Summary and overview is helpful and continuous communication throughout the process. hubs.la/Q01JWnhS0 #AvatarFinancialGroup #Lender

#CRE analytics experts expect that it is only a matter of time before sponsors ask for loan extensions to ease pressure points with roughly $162 B loans due to mature in 2023. Flexibility and creativity will be key. hubs.la/Q01JWlkc0 #AvatarFinancialGroup

Private lenders are optimistic that the GFC will not repeat itself reports Commercial Observer. There are still opportunities to make money in a distressed down cycle. Takeaway: Debt funds are prepared to deploy #capital. hubs.la/Q01LPzvq0 #AvatarFinancialGroup #CRELending

The economy (GDP) expanded at a 1.1% pace in Q1 2023 versus the expected 1.9% The Wall Street Journal. Growth is slowing, still, solid consumer spending drove Q1 growth, with declines in business and housing investment. hubs.la/Q01MZXkZ0 #AvatarFinancialGroup #Economy #Q12023

The Fed’s report on the collapse of #SVB cited executive mismanagement, social media & lack of oversight as factors that led to its collapse. They call for tighter rules for mid-sized institutions and other regulatory adjustments. hubs.la/Q01N4fP-0 #AvatarFinancialGroup

#Mortgage rates ticked up after the First Republic Bank sale to J.P. Morgan Chase. Although the ailing #bank was doomed, it did not fail as badly as it could have. The strength of manufacturing also placed upward pressure on rates. hubs.la/Q01NrBrK0 #AvatarFinancialGroup

The Fed’s decision to raise its key interest rate could drive mortgage rates still higher, according to @Politico. Future movement will depend on pausing, cutting, and inflation, and the debt ceiling, all unknowns. hubs.la/Q01NCg9r0 #AvatarFinancialGroup

@CommercialObserver Non-Bank Lenders Step Into the Limelight Once Again. In the face of bank closures and instability, capital is moving beyond banks to #AltLenders. hubs.la/Q01NC5710 #AvatarFinancialGroup

#AvatarFinancialGroup #BridgeLenders #CRE

Volatile trading in regional bank stocks has made it clear that the fallout from the banking crisis is not over The New York Times bringing new constraints on banks. Enter a wave of #AltLenders willing to fill the gap. hubs.la/Q01Pg3dL0 #AvatarFinancialGroup #CRE #BridgeLoan

Owner/operator tenants are turning to sale-leaseback deals to fund growth & improve balance sheets. Experts agree that the disconnect between sellers, buyers & banks' willingness to lend has created a backlog of properties. #CRE #AvatarFinancialGroup tinyurl.com/3e3swnv8

The Q1 @Nareit Total REIT Industry Tracker reveals that REITs have managed debt well & leveraged low rates to strengthen balance sheets. This has put REITs in a good position to face higher interest rates & uncertainty. Get the data summary here: tinyurl.com/2x5bedhr

The #debt market is shifting as traditional lenders contract, and #nonbanklenders fill the void to capitalize on increased #dealflows. #AvatarFinancialGroup's TR Hazelrigg predicts continued retrenchment as new funds arrive in the space. hubs.la/Q01T6bq-0 Connect Commercial Real Estate

#CRE #lenders are filling the capital stack void. “Banks are trying to shore up their equity positions, and you don’t do that by expanding your portfolio. You do this by retracting your portfolio,” shares T.R. Hazelrigg, President of #AvatarFinancialGroup hubs.la/Q01Tr82F0

The property industry is facing a #challenge as banks #tightengrip. 54% drop in #lending y-o-y according to #CBRE LMI. #AltLenders are stepping up but facing obstacles. #Mezzanine financing will grow as more cash is needed to refinance loans. tinyurl.com/2t7zesxn The Wall Street Journal

@CommercialObserver The Fed's rapid interest rate hikes may have caused distress but, opportunity awaits for private equity funds to step in and create more stability in these sectors. tinyurl.com/5xz385nb #CRE #AvatarFinancialGroup

The Avatar Financial Group wishes you a safe and enjoyable 4th of July.

We're thrilled to announce that our Director, Mark Holman, will be speaking on the "Dealmaking Update" panel at the upcoming Connect Texas Multifamily event. Join us in Dallas on August 20 and use the code below to get 20% off your registration!

We're pleased to announce that our President & Co-Founder, TR Hazelrigg IV, will be attending the 2024 Western States CRE Finance Conference next week at the Aria Hotel in Las Vegas. Reach out to set up a meeting with T.R. to find out about the latest at Avatar!