Jay Maddox
The Flattening Yield Curve
Industry participants can expect further softness in land values and increased difficulty in obtaining construction loans, as short-term interest rate increases are expected to continue, argues Avison Young Principal Jay Maddox.
All About Equity Waterfalls, Part 2
Profit distribution waterfalls and joint venture structures are common investments in commercial real estate, but they are also complex and require trade-offs for both investors and developer/sponsors, notes Avison Young Principal Jay Maddox. Part 2 of 2.
All About Equity Waterfalls, Part 1
Many developers and sponsors rely on third-party investors to fund the majority of their project’s equity, but structuring a mutually acceptable joint venture can be quite a hurdle to overcome, notes Avison Young Principal Jay Maddox. Part 1 of 2.
The Case for Lower Interest Rates
Reduced growth expectations and a potential stock market correction could mean interest rates might not rise as much as previously thought, notes Avison Young Principal Jay Maddox. Lower rates combined with strong demand fundamentals and capital availability could bode well for commercial real estate values.
The Trouble with EB-5 and What’s Ahead
By Jay Maddox, Principal, Avison Young: While EB-5 investments have grown exponentially in the last decade, an ever-increasing number of projects are facing difficulties.
IMN Winter Forum Takeaways: Debt Is the New Equity
By Jay Maddox, Principal, Avison Young: With dozens of new funding platforms popping up, borrowers should take time to identify the most suitable funding source for their investments.
Why Land Investment Is So Risky
By Jay Maddox, Principal, Avison Young: Because of the volatility of land values, it’s crucial to take great care in underwriting land development projects.
Loan Syndications–The Art of Slicing and Dicing
By Jay Maddox, Principal, Avison Young: Why borrowers and lenders should take caution and do their research before entering into a syndicated loan transaction.
Retail Centers—Adapt or Die
By Jay Maddox, Principal, Avison Young: A perfect storm of factors is causing massive disruption in the retail industry, including the $50 billion wall of maturing CMBS loans.
10 Deadly Sins That Can Doom Your Loan Workout
By Jay Maddox, Principal, Avison Young: Borrowers should follow these strategies to avoid doomed lender dealings.