Kristie Bender-Carey’s Post

🔑COMMERCIAL REAL ESTATE INSIGHTS Lenders favor experienced sponsors, like Extell and Kushner Companies, with a trend towards fixed-rate loans for certainty. Affordable housing projects, such as the $235M Kingsland Commons, are attracting significant financing. Urban multifamily and mixed-use projects are preferred over retail and office properties. 🏆 WINNERS ◽Affordable housing developers ◽Life insurance companies and specialized CRE lenders (e.g., JVP Management’s $620M loan to Extell) 📉LOSERS ◽Retail and office property developers ◽Traditional banks Key Markets: ◽NYC, Brooklyn, Jersey City, Miami 🔑ABL & GROWTH-CAP INSIGHTS PNC Bank focuses on asset-based and receivables financing. Sustainability goals are being integrated into financing terms. Flexible, scalable solutions are trending. 🏆 WINNERS ◽Renewable energy companies (e.g., Spruce Power’s $130M facility) ◽Large commercial banks with strong ABL divisions 📉LOSERS ◽Early-stage startups ◽Mezzanine lenders Key Markets: ◽Healthcare in Austin, Texas ◽Renewable energy in California and Honolulu, Hawaii #RealEstate #CRE #AffordableHousing #UrbanDevelopment #RenewableEnergy #Finance #ABL #GrowthCapital #PNCBank #Investment #Sustainability #MarketTrends #NYC #Miami #Austin #California

Wishing everyone a safe and happy 4th of July! Today, we celebrate the freedoms and opportunities that define our great nation. Let's take a moment to honor those who have sacrificed for our independence. #IndependenceDay #FourthOfJuly #Patriotism

WEEKLY MARKET DIGEST📊 🔝TOP TRANSACTIONS ◽Fortress Investment Group completed two industrial outdoor storage (IOS) refinancings totaling $708M, including a first-of-its-kind $493M SASB CMBS loan, validating IOS as an institutional asset class. ◽Alexico Group secured $335M for The Mark Hotel on Manhattan's Upper East Side, with a $300M CMBS loan from Goldman Sachs and $35M in mezzanine financing. ◽Solugen obtained a conditional $213.6M loan guarantee from the U.S. Department of Energy for its organic acids production facility in Marshall, MN. ◽Aymium closed $210M to construct a biocarbon production facility in Williams, CA. ◽J.P. Morgan Investment Management refinanced a 387-unit multifamily building in Midtown Manhattan with a $165M loan from Northwestern Mutual Life Insurance. ◽B2K Development and Harrison Street secured $150M to refinance a multifamily tower in Long Beach, NY. ◽East End Studios obtained $130M for a studio project in Downtown Los Angeles. ◽Fundrise received $125M from Franklin BSP Realty Trust for an industrial portfolio in the Southwest U.S. 🔑 KEY INSIGHTS: ◽IOS Assets: Increasingly recognized as institutional, with Fortress' $493M SASB deal setting a milestone. Luxury Hotels: High demand persists in prime locations, highlighted by ◽Alexico's $335M deal for The Mark Hotel. ◽Sustainable Manufacturing: Government support is growing, as seen with Solugen's $213.6M DOE loan guarantee. 🏆 TOP LENDER ACTIVITY: ◽Fortress Investment Group led the market, completing $708M in IOS refinancings. Refinancing was prominent, with notable deals from Fortress, Alexico Group, J.P. Morgan Investment Management, and B2K Development and Harrison Street. 🌆 BORROWER PROFILES AND PROPERTIES: ◽Diverse Focus: Activity spanned various borrower profiles, cities, and properties. ▫️ Property Types: IOS, luxury hotels, multifamily, studio projects, industrial portfolios. ▫️ Sustainable Manufacturing: Government support for facilities in Marshall, MN, and Williams, CA. 🚀 ABL AND GROWTH CAPITAL MARKETS: Top Deals: ◽Hecate Grid: $125M letter of credit facility from Mitsubishi UFJ Financial Group for energy storage projects. ◽Princeton Medspa Partners: $120M from BC Partners for acquisitions. ◽ZRG: $120M from Main Street Capital Corporation to accelerate growth initiatives. 💡 KEY INSIGHTS: ◽Emerging Industries: Lenders are supporting sectors like renewable energy, AI, and life sciences, recognizing their growth potential. #RealEstate #CommercialRealEstate #CRE #MarketUpdate #Investment #Finance #RealEstateInvestment #LuxuryRealEstate #IndustrialRealEstate #SustainableFinance #Energy #GreenEnergy #Loan #Refinancing #DebtMarket #Construction #GrowthCapital #Medspa #TechFinance #Innovation #InvestmentManagement #RealEstateDevelopment #FinanceNews #MarketTrends

Amazing

To accomplish our goals, we must distill our dreams into daily actions!

So Proud!

Bender-Carey Capital is excited to team up with Kelley Clarke Kelley Clarke brings the expertise and know-how of larger firms to our local community, all while preserving the personalized approach of a smaller boutique firm. Kelley Clarke has emerged as a leading name in the securities and real estate legal services sector on a national scale. Their reach extends across the United States, and they operate from their main offices located in Prosper, Texas and Santa Barbara, California.

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