The competitive bridge lending space shows no signs of slowing down. In fact, bridge lenders remain well-capitalized, with still more money entering the sector. Bridge lenders appear to have plenty of access to dry powder to continue to satisfy borrowers’ demand for capital to finance transitional rehab and construction projects. “The market is more than crowded, it’s overflowing,” says Elliot Shirwo, founder and principal of BridgeCore Capital, a direct private bridge lending.
Self-storage developers are fighting over empty big-box stores. “Retail stores provide excellent opportunities for self-storage developers,” says Tara Jeffcoat, senior research analyst with data firm Yardi Matrix.
In this episode of Common Area Podcast, David Bodamer and co-host Aric Johnson discuss updates from the stories that we’ve been following for the last few weeks. Get the latest news about the Fed cutting interest rates, WeWork postponing its IPO, and subscription services moving to bricks-and-mortar spaces.
WeWork board to discuss pushing out Adam Neumann as CEO, reports the Wall Street Journal. U.S.-China trade negotiations continue despite rough patch, according to The New York Times. These are among today's must reads from around the commercial real estate industry.
