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Stay up to date with the latest Parkview news

Cracking the Parking Conundrum

February 2020 | Scotsman Guide

 

Parking may not be the first problem you consider when brokering a construction loan for a commercial property, but it can be a deal breaker. The parking requirements imposed by governments can substantially raise the costs of development, as well as the risk for mortgage lenders. In recent years, however, developers are finding ways to lower parking costs. The demand for parking spaces also is decreasing in urban areas with strong public transportation options.

 

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Economic Forecast & Trends

Construction Lending in 2020: Clear Skies Ahead

January 20, 2020 | Los Angeles Business Journal

 

As a private lender of construction loans for all property sectors, our team at Parkview Financial remains optimistic for growth in key commercial real estate markets in 2020. Last year we completed more than $500 million in construction loans – an increase of $165 million over 2018. We also expanded our lending reach from the West to the entire United States. As we talk to and work with developers across the nation and closely follow the financial markets, we see no compelling reason to expect a significant slowdown in commercial construction activity after a favorable 2019. The demand is still there, and capital is seeking to place investments intangible assets. 

 

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Senior Housing Construction a Safe Bet for Lenders

October 22, 2019 | Multi-Housing News

 

Senior housing continues to be a top prospect for multifamily investors and developers. U.S. population demographics tell the story. The number of Americans over 65 is projected to double in the next 40 years. The large Baby Boom generation has started downsizing from single-family homes to apartments. The oldest boomers are now 73 years old. Some senior housing complexes rent to people as “young” as 55 and admit 45-year-old co-tenants.

 

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Lenders Like New Developments with Minimized Parking

October 16, 2019 | Commercial Property Executive

 

Financing new construction projects nationwide has become more and more challenging due to a number of factors, including land pricing and rising labor and construction costs. As a lender focusing on new development, I have been seeing a rising trend that creates a winning situation for both a lender as well as the developer when it comes to design creativity with parking ratio requirements. This trend is virtually changing the way development deals are looked at from a number of standpoints.

 

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Despite Lower Rates, Uncertainty Creeps Into CRE

August 21, 2019 | Commercial Property Executive

 

Last month, the Fed lowered interest rates for the first time since 2008 with the strategy of keeping the economy in a healthy state and avoiding a recession. The last rate decrease was way back in December 2018. Although earlier this year it was anticipated that there would be another increase or two, so far, the opposite has rung true and I don’t think we will see a rise in interest rates like many people thought would happen. In fact, there are arguments to be made that we could be in the middle of an attractive low interest rate environment for one or two more decades.

 

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As Coastal Development Slows, High-Growth Markets Offer Upside

August 14, 2019 | Multi-Housing News

 

Metros with robust job growth and competitive land prices are an alternative to gateway markets, writes Paul Rahimian, CEO of construction lender Parkview Financial.

 

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The Finance Issue: Real Estate Forum Presents Financial Influencers

June 3, 2019 | GlobeSt.com

 

Parkview Financial has grown significantly, and in 2019, the company estimated that it will close between $500 million and $550 million in construction loans, and could expand beyond the Western US, should attractive opportunities arise.

 

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Tap Into the Multifamily Ecosystem

June 2019 | Scotsman Guide

 

Multifamily assets have been star performers for several years. Property values have risen solidly and investors continue to make capital readily available in their pursuit of attractive returns. Nationally, annual rent growth exceeded historical returns and averaged 4.4 percent from 2012 to 2018, according to Reis Inc. Freddie Mac expects the national vacancy rate to remain at a relatively low 5.1 percent in 2019.

 

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The Apartment Report: Condo Development Hits Peak

February 25, 2019 | Crittenden Research

 

Parkview Financial will be one of the lenders comfortable that the condo market will be strong. The firm looks to close about $550M in loans, and of that total, it projects about $200M will be condo construction.

 

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Multifamily Development Remains Strong

January 28, 2019 | Los Angeles Business Journal 

 

Over the last ten years, we have seen a consistent increase in multifamily development projects and apartment building construction. However, despite an increase in supply, the valuation of multifamily assets still continues to rise. While this is undoubtedly a positive, investors cannot help but wonder; is this all too good to be true? Can this long run of apartment building cap rate compression possibly continue or is its inevitable decline right around the corner?

 

 

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Create Value for Construction Financing

December 2018 | Scotsman Guide

Commercial construction projects are at or near all-time highs in terms of dollar volume. Across the United States, new developments are cropping up at breakneck speeds. Today, the downtown areas of many burgeoning cities are marked with cranes and heavy equipment, all furiously breaking ground on the next blockbuster property. Simply put, construction is everywhere.

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Meet Paul Rahimian of Parkview Financial

May 22, 2018 | Voyage LA

 

Paul is a 3rd generation real estate developer and general contractor, who successfully built projects in Southern California for over 21 years. In 2009, he started lending on construction projects as a Direct Lender. Currently, he manages a debt fund in Los Angeles that originates approximately $250MM in construction financing each year. Loans are made to developers in the Western United States ranging in loan size from $3MM up to $75MM.

 

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Rainmakers In Debt & Equity Finance

February 7, 2020 | GlobeSt.com

 

The next installment of GlobeSt. Real Estate Forum’s Influencers series, we are shining a spotlight on some of the people and firms who have helped to arrange and place these debt and equity offerings. We will profile not only those who have made an impact with their individual efforts, but also teams and groups within relevant companies, as well as entire organizations that have become critical to the industry.

 

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