Anyone looking for any construction or refi loans or have found any good ones recently?
Just wondering.
[{"id": "gdvkkwm", "text": "Generally spreads have come in 200 BPS since start of COVID on bridge product for financeable stuff (multi, industrial, office long WALT); it\u2019s really tough to get loans on seniors, hospitality, or retail. I personally haven\u2019t seen any construction loans since beginning of COVID nor do I know anyone who has gotten one (or well even looked for that matter). Anecdotal but my friends with developers are kind of paused right now except on stuff that was already lined up precovid, but hey, that\u2019s just my experience.", "replies": [{"id": "ge4w7hz", "text": "We\u2019re still quoting retail and hospitality albeit at relatively low leverage to industrial/multi. Office is the wildcard right now.", "replies": [{"id": "ge58bro", "text": "What do typical terms look like?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gdw446z", "text": "Yes, I am still getting construction loans and refinance loans for commercial single tenant net lease developments/investments, although terms have been tightening.", "replies": [], "depth": 1}, {"id": "gdx0zei", "text": "I'm a lender - the best advice I give all the time is \"find a good qualified capital advisor / commercial mortgage broker to help you secure financing.\" Trying to secure your own financing as a real estate sponsor is an exercise in frustration for both you and the lender. u/tmilazzo is on this subreddit and is someone we do business with regularly who you may want to contact. I like Tim - I like lots of people in our industry but to secure financing you need an advocate on your side.", "replies": [], "depth": 1}]