Stay up to date with the latest Parkview news
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.
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.
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.
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.
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.
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.
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.
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?
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.
November 5, 2018 | Los Angeles Business Journal
Commercial construction projects are at all-time highs in terms of dollar volume. Across the country, projects are cropping up at breakneck speeds with the sightline of many downtown areas overflowing with cranes. One might think this is good news. But there is a flip side to any development project. Alongside the increasing rate of construction projects comes a dramatic rise in the costs of materials, labor and land.
In 2016 George Smith Partners introduced Markowitz to Parkview Financial, a direct private lender founded by a former real estate developer and general contractor focusing on ground-up construction financing in the Western United States. Equipped with over 100 years of combined construction experience, Parkview served as a prime choice for the underwriting, managing, and servicing of Markowitz’s construction loans.
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.
April 20, 2018 | RENTV.com
Fremont Hills Development Corp has obtained $65 mil in construction financing for the development of Mission Hills, a mixed-use project in the Bay Area city of Fremont. The loan was provided by Parkview Financial.
August 7, 2017 | RENTV.com
Harbor Sky LLC has obtained a $39.5 mil construction loan for the development of Harbor Sky, a 266-unit multifamily project in Portland, OR. Located at 1055 N. Anchor Way, the development will consist of a six-story building with ground floor podium parking. It was designed by Leeb Architects Inc.
February 18, 2016 | GlobeSt.com
LOS ANGELES—Despite talk about a potential recession, the capital markets are still bullish on multifamily—and there are still plenty of lending opportunities, GlobeSt.com reports in this EXCLUSIVE story.
February 16, 2016 | GlobeSt.com
July 11, 2015 | theregistrysf.com
July 10, 2015 | REbusinessonline.com
Parkview Financial has funded a $10.7 million construction loan for a mixed-use project located in Santa Clara. The new project will feature more than 6,500 square feet of retail space and 28 condominiums.