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
About us
We offer a complete range of financing options for all types of commercial real estate. We serve the entire New England region and can arrange commercial real estate loans for any property type through our unmatched network of lending partners.
- Website
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https://www.northmarq.com/cities/boston/
External link for Northmarq Boston
- Industry
- Leasing Non-residential Real Estate
- Company size
- 501-1,000 employees
- Headquarters
- Boston, MA
Updates
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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
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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
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HAPPY NEW YEAR! As we welcome in the new year we look back to see that the 10-year US Treasury starts off 2024 at exactly the same rate as we entered into 2023. New optimism seems to have been instilled into the commercial real estate debt markets over the past few weeks. How are you seeing things as we enter into the new year? #ccim #AREAA #CRE #commercialrealestate #realestatefinance #realestateinvestment #commercialmortgage #bostonrealestate #newenglandrealestate #massachusettsrealestate #multifamily
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Northmarq Boston reposted this
Economic activity is holding up better than expected given the ongoing tightening of credit conditions. Nevertheless, the impact of the Fed’s effort to slow inflation is becoming increasingly visible. Gain more insights from John Beuerlein, Chief Economist at the Pohlad Companies, in our latest Viewpoint report. #Northmarq #CRE Read more: https://bit.ly/3EBOcO7
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Join us for this great event! Michael Chase, CCIM, Managing Director of Northmarq Boston will join a panel of industry experts on September 14th for the New England Real Estate Journal's West of Boston CRE Summit. The Summit will be held at the MGM Springfield from 9AM to 12PM. The panel will have an in-depth discussion about the state of the Western MA commercial real estate market - new developments and existing projects, housing market trends, sustainability, financing insights, capital markets, and more. Join us for networking, breakfast and a great panel discussion. Click the link below for the event details. https://lnkd.in/gAx2ASbU
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Great read! Jeffrey Munoz, vice president of Northmarq Boston, authored a perspective for the New England Real Estate Journal that spotlights the current state of the Boston CRE market and outlook for the remainder of the year. Click the link below to access the full article.
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
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Catch up on the latest Northmarq Boston news in our quarterly newsletter! This issue features market trends and industry insights, a sampling of our top closed deals in the second quarter, featured articles, upcoming events and more! Click the link to view the Q2-2023 Newsletter: https://lnkd.in/edN2zMns #commercialrealestate #bostoncre #newenglandcre #multifamily #interestrates #economy
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