borrowers

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle. 

Yarbrough said he believes the market is coming closer to bottoming out and this creates strong investment opportunities

Today’s market requires a lot of creativity because a lot of solutions that sponsors are looking for on assets that have capital needs are not necessarily available.

The firm is not planning to join the ranks of investors who are seeking short-term lending solutions.

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities. 

Approximately 83% of logistics properties were constructed prior to 2000, the firm found. 

The New York-based manager will make investments in disrupted commercial real estate capital stacks.

The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.