News

As 2016 comes to a close, we find ourselves at a precipice of two significant events in the RE sector to bear in mind for 2017.

Over the past 5 years, there has been a lot of discussion and preparation for the wave of 2007 vintage CMBS loan maturities and the looming opportunities it presents. More recently, as the result of the nomination of President Elect Trump, we are seeing a changing political and regulatory climate.

Dekel Capital has successfully placed $20 million in bridge financing for the acquisition of an obsolete retail center in Granada Hills, CA (the “Property”).

The 8+ acre site is situated in a desirable location for a mixed-use development in the San Fernando Valley. The existing retail center is currently 79% occupied, lacks a conventional anchor tenant and has considerable deferred maintenance. As a result the Property was not suitable for traditional bank financing.

Dekel Capital has secured $ 6.9 million of joint venture equity financing for Haven Realty Capital (“Haven”) to acquire and reposition La Ventana Apartments in northwest Las Vegas.The project’s financing structure includes $6.9 million in Dekel Capital-sourced JV equity, a floating rate senior loan from Freddie Mac and sponsor equity.

“Through a number of introductory meetings led by Dekel, Haven became a known entity to key institutional equity groups in the multifamily sector,” said Shlomi Ronen,

Dekel Capital was in attendance at the Western States CREF Conference in Las Vegas earlier this month, where we met with capital sources across the lending spectrum to get updated insights on lending programs and trends in today’s capital markets.

The current sentiment is that lenders have recovered from the general market turbulence that reverberated through the industry in the first quarter of the year. Both bridge lenders and fixed rate lenders are now providing fluid supply of debt to meet borrowers’ needs through the end of 2016,

Deal marks $100 million funded through Dekel Capital’s JV equity platform

LOS ANGELES/THOUSAND OAKS, Calif.—Sept. 22, 2016—Dekel Strategic Investors (DSI), a proprietary equity fund of Dekel Capital that provides equity capital to real estate developers engaging in multifamily and senior housing development projects, has placed $16.1 million in equity for the development of Sage Mountain Senior Living. The 130-unit, 58,154-square-foot assisted living and memory care facility will be located in Thousand Oaks, California.

Fed Update
The Federal Reserve announced on Wednesday it will not raise its benchmark interest rates and expects to raise rates more slowly in the coming years. The Fed has decided to stick with its cautious approach to adjusting monetary policy, as recent economic indicators have continued to be mixed. With only 38,000 jobs added in May, job growth has declined, yet economic growth has shown signs of improvement. As such, 15 of 17 policymakers project no more than two rate hikes this year,