Northmarq Boston’s Post

NORTHMARQ BOSTON NEWSLETTER Q2 2024 Over the past few months we've announced the addition of an investment sales team as well as the launching of in-house platforms for bridge, mezzanine and preferred equity capital. Read about these stories and more in our latest newsletter: https://lnkd.in/ebAKJBjU #bostonrealestate #massachusettsrealestate #newenglandrealestate #commercialrealestate #realestateinvestment #CREF #CRE

MBA CREF TAKEAWAYS: Bridge Loans Some thoughts and takeaways from my meetings and conversations at this year's MBA CREF Conference ... - Lots of pent up capital to deploy making the bridge debt space very competitive at the start of 2024 - General bridge pricing ranging from 350bp - 550bp over SOFR depending on deal size and attributes - Best pricing starting as low as 250bp over SOFR for large-balance, institutional-quality (A-assets, A-sponsors, A-locations) deals with at least break-even debt service coverage - Fixed rate bridge available starting at 350bp over treasuries - One of the key points of negotiation now are the interest rate floors, with majority of bridge lenders trying to hold to a 3.50% SOFR floor, but some may be willing to go lower - Sponsors should be mindful of how the various bridge lenders are capitalized, if they are balance sheet lenders or securitizing into a CLO, and if they are dependent on warehouse lines and credit facilities from banks. Northmarq works with a number of bridge lenders allowing us to find the best fit for our clients. Reach out of I can assist you with your bridge financing needs. #CREF #CREFinance #bostonrealestate #massachusettsrealestate #newenglandrealestate #CCIM #AREAA #commercialrealestate #commercialfinance #commercialmortgage

Looking forward to attending MBA CREF. It will be a great time to catch up with friends and colleagues and set the table for the upcoming year. Stay tuned for insights and takeaways. #CRE #CREF #commercialrealestate #commercialmortgages #realestatefinance #realestateinvestment #multifamily #bostonrealestate #newenglandrealestate #massachusettsrealestate #ccim #AREAA

What was the silver lining of the 2023 capital market? Jeffrey Erxleben, Northmarq's president of Debt + Equity, shared his thoughts with Connect CRE. Read more: https://lnkd.in/efHCNuYz #Northmarq #CRE #CapitalMarkets

Boston’s commercial real estate market remains resilient, underpinned by its strong economic fundamentals - by Jeffrey Munoz of Northmarq - Read More here: https://lnkd.in/equ2xPPQ #NEREJ #commercialrealestate