The real estate mezzanine finance market is crowded. As competition heats up in the chase for yield, deal structures are becoming more and more aggressive.
Increased competition amongst lenders can only signal good news for borrowers. But with increased options amid an evolving real estate capital market comes a greater need to understand the cost of capital in its different forms.
Michael E. Lefkowitz and Eric S. Orenstein both participated as part of the distinguished speaking faculty at IMN’s 17th Annual Real Estate Mezzanine Financing & High-Yield Debt Forum in New York City. This conference brought borrowers and lenders the latest on real estate mezzanine finance in the context of the overall capital stack.
During this lively conversation regarding Bridge Loans various topics were discussed such as: the circumstances in which borrowers are most likely to turn to bridge funding, the costs of bridge loans and how they compare to other sources of financing and the types of lenders who are currently most active in the bridge loan market.
On November 8, 2017, R&E member Michael E. Lefkowitz, participated in a panel discussion regarding non-bank lending. During this interesting and engaging conversation, panelists discussed the types of non-traditional lenders that are currently the most active in the commercial real estate market, what opportunities there are for mezzanine and high-yield lenders stemming from the retrenchment of banks and what borrowers need to consider when deciding to go with a non-bank lender.