Opportunities to Restructure New Apartment Construction Financing

For Developers and Joint Venture Partners

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Thursday, February 2, 2023 at 10am – 12pm EST

$49 CAD

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.

    What To Expect:

    You can anticipate 120-minutes packed full of great education.

    • How to think about and project cap rates and rental rates, going forward

    • What’s a win/win approach when you bring in a partner

    • What’s a win/win approach when you bring in a mezzanine lender

    • What’s a win/win when you tap into equity from other assets

    • Being proactive in financially engineering the ideal fit between the construction lender, mezzanine lender, and equity partner

    Who Should Attend?:

    • Apartment developers

    • Value-add investors

    • Private investors

    • Private mortgage lenders

    • Mezzanine mortgage lenders

    • Institutional Construction lenders

    Featuring:

    DARRYL MCCULLOUGH

    DARRYL MCCULLOUGH

    CCIM SEC

    Real Estate Advisory Services

    DEREK LOBO

    DEREK LOBO

    CEO & Broker of Record

    SVN Rock Advisors Inc., Brokerage

    MICHEL DURAND

    MICHEL DURAND

    CEO

    MCommercial, Mortgage Brokerage

    David Cohen

    David Cohen

    Partner

    Gowling WLG