Preferred Equity Takes Center Stage

LOS ANGELES—”Preferred equity has become the primary focus of our daily tracking. Many have ceased traditional purchases, reminiscent of the debt funds from a decade ago. Fortunately, most of my client base can adapt to this shift, which is encouraging,” said Laurie Morfin, Senior Managing Director at NewPoint Real Estate Capital during the recent GlobeSt. Multifamily Fall Conference held here in Los Angeles.

Discussing the challenges of managing cash in refinancing, Bryan Shaffer, Principal and Managing Director of Slatt Capital, said, “Lenders have displayed a level of patience, allowing borrowers to continue the fight.”