Traditional real estate financing typically involves securing a mortgage loan from a conventional lender that…
The team at CoreVest Finance recently attended IMN East 2023 in Miami, one of the most anticipated events in the real estate investment industry. This gathering served as a dynamic platform for industry leaders, innovators, and enthusiasts to connect, share insights, and explore the latest trends shaping our industry. CoreVest was at the heart of the action, engaging in thought-provoking discussions, forging new partnerships, and gaining invaluable knowledge throughout the conference. We’re excited to share our key takeaways, insights, and experiences from this remarkable event.
1. Development costs and OPEX are up. LP equity is the most difficult part of the stack to fill.
– Boris Zhuravel
2. People are still buying and investing, but at a much slower pace. Multifamily is showing signs of weakness and it is on everyone’s watch list.
– Sean Robbins
3. There is alot of interest in Section 8 Strategies. Multiple sponsors showed interest in Greater Detroit/Greater Cleveland. Sponsors are still buying in higher yielding markets.
– Ryan Harper
3. For sale home builders and student housing developers are entering the BFR space as they believe they have the systems in place for a smooth transition. There was an emphasis on lower leverage financing on both perm and construction loans. Borrowers are hoping for a significant discount in rate for their more cautious approach
– Brandon Turk
4. Many investors on the term side seem to be in a holding period. Very few people are buying/selling assets.
As we reflect on our time at IMN East 2023 in Miami, several key themes stand out. The event underscored the challenges and opportunities that lie ahead for the real estate investment sector. Despite the challenges, the CoreVest team remains optimistic and committed to navigating these complexities. We are excited to apply the insights gained from IMN East 2023 to our strategies, ensuring we continue to deliver the best possible outcomes for our clients and partners.