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Once considered an unlimited bucket of capital for borrowers, CMBS provided a relatively quick and easy financing alternative for capital requirements that weren’t being addressed by the other capital market systems.

Today, CMBS remains the most aggressive and cheapest capital in town, offering interest rates at historic lows. With the treasuries falling into the mid ones and with spreads in the mid to high 100’s, rates on CMBS loans are hovering in the high 2% to low 3% range.

In August we witnessed a classic recessionary signal when yields on long-term bonds fell below that of their short-term counterparts, a phenomenon known as an inverted yield curve. So when the spread between the 10-year and two-year Treasuries turned negative (actually three times in less than two weeks), concerns about the economy’s health began to escalate. Afterall, over the past 50 years the inverted yield curve has been a pretty accurate warning sign of a pending recession.

Developer JPI has received $80 million for the construction of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate.

The preferred equity and construction financing was arranged by Century City-based Dekel Capital for the project at 10920 Garfield Ave.

Shlomi Ronen, a managing principal at Dekel Capital, said the development is the first new multifamily project in the area in 30 years.

As we reach the mid-point of 2019 and as the Commercial Real Estate Industry continues to debate where we are in the current market cycle, an abundance of available capital has created a market in which seemingly everything is financeable.

Continued capital growth in the debt fund space, in both the amount of capital raised and the number of participants, has broadened lending criteria and increased competition, translating into more aggressive terms for a wider range of business plans.

Baby boomers are reaching retirement age, and that’s driving up demand for senior housing — and interest from investors.

In a recent survey, CBRE Group Inc. found that 62% of investors were planning to add more senior housing to their portfolios. In part, that’s because the returns are strong. Over the last five years, senior housing gave investors a 14% return on investment, compared with a 9.2% return on multifamily investments over the same period.

With a bevy of new entrants into the senior housing market, capital providers are looking for experience.

The senior housing market is seeing a boom. With the 65-plus demographic growing daily, many investors and developers are entering the senior housing space. While capital appetite for senior housing deals is healthy, senior housing is still considered a specialty market, and new entrants will have trouble landing capital sources.

“Capital availability is good.