LOS ANGELES-CBRE vice chairman Brian Eisendrath sources capital for institutional and high net worth clients, and is ranked as one of the nation's top originators. On October 24, Eisendrath will lend his experience and industry knowledge as moderator of the agency lending panel at the 2013 RealShare Apartment conference.
Speakers on the agency lending panel include Greg Reed, originations EVP of Beech Street Capital; Jeff Burns, senior VP of Walker & Dunlop; Jeff Weidell, president of Northmarq; Laurie Morfin, director with Prudential Mortgage Capital Company; and Tom Booher, EVP of PNC Real Estate. The panel will discuss current market trends and forecast upcoming market activity, including interest in B-class product and affordable product, which is among the most notable trends, according to Eisendrath.
Capital from banks and life insurance companies flooding the market and creating a competitive landscape will be another topic Eisendrath hopes to bring to the panel, He will ask speakers to weigh in on which types of groups are winning deals and the ways in which this landscape will mold the future market. “One of the things that is on everyone's mind is the future of the agencies,” Eisendrath tells GlobeSt.com. “Are they going to contract [or] privatize, and what does the future hold as far as their strategy?”
Eisendrath, however, anticipates any changes in the coming years will be gradual, noting that agencies only have cut back production by about 10%. “Their goal is to provide liquidity in the market, so I don't see any sharp shifts from the agencies,” he says, adding that it will be interesting to start a discussion with other panelists about the future of agency lending.
To learn more about this topic and hear opinions from the other panelists, please join us at RealShare Apartments on October 24.
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