Opportunities to Restructure New Apartment Construction Financing
For Developers, Financiers, and Joint Venture Partners
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Wednesday, May 22, 2024 at 1pm – 3pm EST
With hikes in interest rates and construction costs stabilizing, lenders are being conservative with their requirements for covenants and guarantees. Lenders are right-sizing draws, so the construction facility does not exceed takeout. Developers are having to bring in deep pocket partners/investors to undertake projects and obtain financing. How can the gaps for both developers and value-investors be bridged? It’s always better for the developer to finish to completion, rather than have an institution step-in.
Download your copy of the whitepaper Restructuring New Apartment Construction Financing in Difficult Times
What To Expect:
You can anticipate 120-minutes packed full of great education.
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How to think about and project cap rates and rental rates, going forward
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What’s a win/win approach when you bring in a partner
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What’s a win/win approach when you bring in a mezzanine lender
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What’s a win/win when you tap into equity from other assets
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Being proactive in financially engineering the ideal fit between the construction lender, mezzanine lender, and equity partner
Who Should Attend?:
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Apartment developers
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Value-add investors
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Private investors
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Private mortgage lenders
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Mezzanine mortgage lenders
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Institutional Construction lenders
Featuring:
DARRYL MCCULLOUGH
CCIM SEC
Real Estate Advisory Services
DEREK LOBO
CEO & Broker of Record
SVN Rock Advisors Inc., Brokerage
MICHEL DURAND
CEO
MCommercial, Mortgage Brokerage
David Cohen
Partner
Gowling WLG