{"id":1004745442,"date":"2025-02-03T13:33:08","date_gmt":"2025-02-03T21:33:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745442"},"modified":"2025-02-24T05:17:51","modified_gmt":"2025-02-24T13:17:51","slug":"real-estate-finances-january-thaw","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/real-estate-finances-january-thaw\/","title":{"rendered":"Real Estate Finance\u2019s January Thaw"},"content":{"rendered":"\n<p>For much of the United States, it was a very cold January. Unrelenting frigid temperatures, icy roads, cold winds\u2014snow in New Orleans. In the Northeast, we\u2019re accustomed to a January thaw, and not just the two days or so of barely-above-freezing-temperatures we received. Where was the January thaw we needed?<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-fl-body-text-color has-text-color has-background wp-element-button\" href=\"https:\/\/mydigitalpublication.com\/publication\/?i=839829\" style=\"background-color:#1bb1ae\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>READ THE MAGAZINE<\/strong><\/a><\/div>\n<\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004180489\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/looking-back-and-ahead\/ssilverman_101713_04-800x620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;3.5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D300S&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1382007108&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.0125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Suzann D. Silverman, Editorial Director\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;From the Editor&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg?w=800\" alt=\"Suzann D. Silverman, Editorial Director\" class=\"wp-image-1004180489\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/SSilverman_101713_04-800x620.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Suzann D. Silverman, Editorial Director<\/figcaption><\/figure><\/div>\n\n\n<p>Our weather may not have included one this year, but the economic climate for real estate finance did. How much and for how long is still tough to measure, especially since a lot of it\u2019s happening below the radar. But lending has been loosening up, with a variety of capital providers interested in the heightened potential for dealmaking brought about by a combination of lower interest rates, better fundamentals and more attractive deals, as Dees Stribling discusses in this month\u2019s feature, \u201c<a href=\"https:\/\/www.commercialsearch.com\/news\/best-capital-stack-strategies-for-2025\/\">Best Capital Stack Strategies for 2025<\/a>.\u201d<\/p>\n\n\n\n<p>\u201cGreater confidence in the economy and improved rates of return on property investments will drive this activity, despite the continued high cost of debt capital,\u201d Darin Mellott of CBRE told Stribling. And while alternative capital sources have seemed more interested in stepping in, this should even result in greater lending by life companies, CMBS conduits and commercial banks, according to Charles Krawitz of Alliant Credit Union. There\u2019s also some pressure to invest more debt and equity to spread risk and meet institutional allocations.<\/p>\n\n\n\n<p>There are still deterrents for lenders, of course. Interest rates aren\u2019t expected to drop as significantly as had been forecast, as the most recent lack of movement indicated. There\u2019s still a good-size chasm between bid and ask limiting deal flow. And in many cases distress is still getting the proverbial kick down the road, so those situations aren\u2019t yet being dealt with.<\/p>\n\n\n\n<p>But the markets are pricing in a greater <a href=\"https:\/\/www.commercialsearch.com\/news\/a-new-dawn-for-cre-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">likelihood of a soft landing<\/a>, Brian Klinksiek of LaSalle Investment Management noted during a recent press conference about the firm\u2019s 2025 Global Outlook report. As prices and rates better align with the bond market, capital providers will be more comfortable moving ahead with transactions.<\/p>\n\n\n\n<p>Our newly released ranking of <a href=\"https:\/\/www.commercialsearch.com\/news\/top-commercial-mortgage-lenders-and-brokerage-firms\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top Mortgage Banking and Brokerage Firms<\/a>, which measures activity in the 12 months through Sept. 30, 2024, reflects the market\u2019s challenges. But as Senior Associate Editor Agota Felhazi notes in her accompanying commentary, the Mortgage Bankers Association measured an uptick in loan originations in the second half of the year that was evident in some firms\u2019 volume. Next year\u2019s ranking seems likely to demonstrate more widespread growth.<\/p>\n\n\n\n<p>Punxsutawney Phil just saw his shadow, but six more weeks of winter don\u2019t have to be frigid. Or apply to finance. I don\u2019t know about you, but I\u2019m ready for a thaw.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#16a19a33\"><em><strong><a href=\"https:\/\/mydigitalpublication.com\/publication\/?i=839829\" target=\"_blank\" rel=\"noreferrer noopener\">Read the February 2025 issue of CPE.<\/a><\/strong><\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month\u2019s frigid temperatures did not include the usual break this year, but the economic climate for real estate finance did. And hopefully it will continue.<\/p>\n","protected":false},"author":755,"featured_media":1004180489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788],"tags":[46790,32789,34784,47726],"class_list":["post-1004745442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes","tag-alliant-credit-union","tag-cbre","tag-lasalle","tag-mortgage-bankers-assocation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate Finance\u2019s January Thaw - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/real-estate-finances-january-thaw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate Finance\u2019s January Thaw\" \/>\n<meta property=\"og:description\" content=\"Last month\u2019s frigid temperatures did not include the usual break this year, but the economic climate for real estate finance did. 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