In The Tranches: Where Are Industry Vets Finding Opportunity Today?

The commercial real estate market has some interesting dynamics in play, from rising interest rates, to widening bid-ask spreads and a tidal wave of lending competition. As we presumably near the end of this real estate cycle, which market dynamics are impacting debt and equity strategies? Our industry experts will discuss which property types they are financing and where they prefer to play in the capital stack; how construction and transitional lending is being approached late-cycle; where signs of distress are showing; how increased competition is affecting spreads; how joint venture equity is being sourced and used; and—in the face of these changes—which opportunistic lending opportunities or special situations are emerging.