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Lender Views on the San Diego Market

A general concern is over the still-aggressive valuation afforded to existing buildings, with cap rates and price per pound still setting records in many segments, Barry Slatt Mortgage’s Cody Charfauros tells GlobeSt.com.

Thomas Cohen Cohen: “I’ve really come to recognize and respect the San Diego market’s roots as a ‘savings-and-loan’ town and feel there is a clear role for local mortgage bankers here.”

SAN DIEGO—CRE lenders for the San Diego market have a general concern over the still-aggressive valuation afforded to existing buildings, with cap rates and price per pound still setting records in many segments, Barry Slatt Mortgage’s commercial mortgage banker Cody Charfauros tells GlobeSt.com.

The firm recently hired Thomas Cohen to its San Diego office as SVP. Cohen brings more than 20 years of experience in the mortgage-banking industry, most recently as founding partner of JC CAP LLC. We spoke with Cohen about his new role with the firm and with both Cohen and Charfauros about how lenders are viewing the San Diego market.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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