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Good Morning Everyone

Last Week's Top Deals Plus:
📊 Weekly Commercial Real Estate Lenders
🏆 Winners
💫 Borrower's Tips To Success
💰 Opportunities (Targets for Brokers, Lenders, Developers, Investors, and RE Agents)
📝 New Loan Programs

Let’s dive in.

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I hope you find value in today's newsletter if you seek insights on CRE lending trends, financing strategies, and active lenders for your next deal.

Bridge Loan Guy
Top Loans of the Week

Largest single deal: $2 billion (JP Morgan, Starwood for CIM/Novva Utah data center)

Lender of the Week: Apollo Global Management (3 deals)

Sectors financed: Data Centers, Multifamily, Mixed-Use, Renewable Energy, Healthcare, Retail, Industrial, Office, Self-Storage, Energy Storage, Student Housing

Top Lenders: J.P. Morgan, Starwood Property Trust, One Investment Mgmt, Sculptor Capital Mgmt, Octo Capital Mgmt, Zeckendorf Development, Apollo Global Mgmt, HPS Investment Partners, Madison Realty Capital, Deutsche Bank, Urban Standard Capital, Dwight Mortgage Trust, First Citizens Bank, MF1, Bravo Property Trust, Citibank, Acore Capital, and Synovus Bank.

Emerging Trend: Bridge-to-HUD Loan Structure

TOP LOANS

Construction Financing
◾ JP Morgan funds CIM's $2B Utah AI factory that won't melt snow Read
◾ Four lenders bet $380M on Savanna's Palm Beach towers where José cooks Read
◾ Apollo backs Jay Group's $115M Inwood apartments with unicorn garages Read

Bridge/Acquisition Financing
◾ Dwight gives Pepper Pike $88.5M for Michigan lake homes with boat perks Read
◾ MF1 loans Prime Group $65M in hurricane-friendly Fort Myers Read
◾ Greystone funds $30M for six Rhode Island nursing homes in bulk deal Read

Refinancing
◾ Apollo refinances Rockpoint's $275M Wall Street bankers-turned-renters palace Read
◾ Deutsche Bank refis AM Property's $133M Stamford office people actually use Read

Mezzanine/Credit Facilities
◾ HPS gives Sunraycer $200M for solar before clouds take over Read
◾ MONTICELLOAM lends $25M for Staten Island elder care Read

Specialized Financing
◾ First Citizens bankrolls GridStor's $74M Texas batteries for power-outage preppers Read
◾ Briar Capital rescues Ohio metalworkers with $5.6M from covenant doom Read
◾ Kriss funds Urban Capital's $32M Tribeca textile-to-condo conversion Read

Businesses Getting Funded by Lenders
◾ Data center developments
◾ Luxury residential in growth markets
◾ Historic conversions with institutional backing
◾ Affordable housing developments
◾ Scale plays in multifamily

📝 Winning Plays For CRE Sponsors

1. Reposition suitable land in power-abundant markets for data center use, emphasizing cooling efficiency to attract aggressive financing terms

2. Present detailed sensitivity analyses showing viable agency or insurance company permanent loan exits

3. Incorporate 20%+ affordable components to access below-market financing rates, as demonstrated by SoLa Impact's $35M construction loan

4. Pursue LEED or Energy Star certifications to qualify for the 15-25 basis point discounts now offered by lenders like Deutsche Bank

5. Maintain relationships with at least eight active lenders across different capital types to ensure consistent access and competitive pricing

💡 Opportunities

1. Brokers 
   ◾ Entire ecosystem supporting the data center boom
   Referral Partners: Commercial electrical contractors and power systems engineers
   ◾ Capitalize on the growing complexity of multi-phase financing structures, particularly the bridge-to-agency model that's becoming prevalent in multifamily
   Referral Partners: Agency underwriters who have moved to private consulting

2. Developers
   ◾ Partner with local utilities to identify underutilized industrial sites with robust power capacity and reposition them as edge computing facilities Referral Partners: Power company economic development directors and municipal broadband officials
   ◾ Explore adaptive reuse of obsolete commercial properties (like older hotels or retail) into workforce housing, leveraging both affordable housing and historic tax credits
   Referral Partners: Community Development Financial Institutions (CDFIs) and regional housing authorities
   

3. Investors
   ◾ Focus on historic properties eligible for tax credits, substantially improving returns while preserving architectural heritage
   Referral Partners: Commercial brokers specializing in distressed office assets and historic preservation consultants
   ◾ Acquire smaller medical office buildings with concentrated tenancy of specialists serving the senior population
   Referral Partners: Healthcare REITs looking to divest non-core assets and senior living operators seeking real estate partners for expansion
   

4. RE Agents
   ◾ Build a specialized presentation showing recent comparable sales and financing options specifically for 1980-2000 vintage multifamily owners Referral Partners: Regional and community banks with maturing multifamily loans on their books
   ◾ Develop a database of medical professionals currently in leased space, as many are looking to purchase their own facilities
   Referral Partners: Medical equipment suppliers and healthcare business consultants

New Loan Programs/Lenders
◾ TFS Financial Partners secures a $130M medical equipment financing deal with Beautifi through Read
◾ ShipBob launches a financing program to support e-commerce merchants through Read


😲 Didn’t see that one coming

◾ Deutsche Bank slapped with a €23M fine by German regulator BaFin Read
◾ Los Angeles fires cause up to $54B in property damage, report finds through Read
◾ A once-hot startup secures a $1.5B loan while over $500M flows to a high school dropout’s “sham” hedge fund, judge rules through Read
◾ OKX resolves DOJ probe, agreeing to pay $504M in penalties through Read
◾ Investors claim CrowdStreet facilitated fraud, seeking $7.2M in arbitration through Read
◾ Nikola initiates a comprehensive voluntary Chapter 11 sale process through Read
◾ On the Border becomes the latest casual chain to file for Chapter 11 through Read
◾ GreenSky faces a class action alleging illegal loan fee collection through Read

LENDERS, SEND US YOUR LOAN PROGRAM AND CLOSED DEALS AND REACH OVER 3,500 INTERESTED READERS

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We welcome any feedback on how to improve your experience. If you have anything interesting to share or a deal that we can help with, reach out to us by sending us an email at [email protected]. Thank you for reading, and enjoy the rest of your week.

Lastly, no content provided by Bridge Loan Guy or Loans, Lenders & Leverage should be considered tax, investing, or financial advice. This email and any other content we provide are for entertainment and education purposes only. We do not claim to provide tax, investment, financial, or other legal advice. Any content provided by Bridge Loan Guy or Loans, Lenders & Leverage is the personal opinion of our owners and/or staff – you should always conduct your own research.