Will Johnson
Despite near-term concerns over rising property taxes and high crime rates, lenders see the Windy City as the Midwest’s once and future cultural, population and economic hub.
The Los Angeles debt fund manager sees its construction and development background as crucial to its success as a lender.
Yields hit their highest level in two years this week.
The firm anticipates 90 percent of its activity will be in the Sunbelt, where it will allocate debt and equity.
The Commercial Real Estate Finance Counci’s executive director believes there’s a lot to be optimistic about going into 2022.
The program will originate loans of $1m to $20m.
The firm also believes historic tax credits are an interesting way to finance the development of affordable housing.
The company has found that debt funds are providing more proceeds and better pricing.
While there is some potential for operational issues, all systems are go for the shift.
The company expects to see strong rent growth over the next two years.