Market Intelligence
Insights & Articles.
Process
How We Underwrite a Deal Before We Send It to a Lender
The quality of your loan package determines the quality of your term sheets. Here is how we prepare a deal for lender presentation — and why it matters.
Market Insights
Permanent Financing in 2026: Agency, Life Co., or CMBS?
Stabilized assets seeking permanent takeout financing have three primary channels — each with distinct pricing, structure, and execution characteristics.
Education
Preferred Equity vs. Mezzanine: Choosing the Right Structure
Both preferred equity and mezzanine debt fill the gap between senior financing and common equity — but they are not the same thing. Here is how to choose.
Market Insights
Ground-Up Construction Lending: What Changed in 2025
Construction lending tightened dramatically after regional bank stress in 2023. Two years on, a new lender landscape has emerged — with different pricing and structure.
Market Insights
Understanding Bridge Loans in a High-Rate Environment
With benchmark rates remaining elevated, borrowers and sponsors must rethink how they structure short-term bridge financing. Here is what you need to know.