LOS ANGELES—Lenders are beginning to work together to generate higher yields, Alexa Mizrahi, senior loan officer at Lone Oak Fund, tells GlobeSt.com. Mizrahi is speaking on the Financing: Everything But Agency Lending panel at the upcoming RealShare Apartments conference in Downtown Los Angeles on October 15-16. On the panel, Mizrahi and her fellow panelists—Michael Klein, co-founder, COO and managing director at Partners Capital Solutions; Fred Ornelas, multifamily loan officer at Bofi Federal Bank; Noah Streit, president at Streit Lending; Rishi Thakka, VP of acquisitions at Realty Mogul—will discuss trends in the financing space. As she prepares for the big day, we sat down with her to find out what is on her mind and the topics she plans to discuss on the panel. Here is what she told us:

GlobeSt.com: What are some of the important or emerging trends within the capital market that you hope to discuss on the panel?

Alexa Mizrahi: Many new lenders have entered the market. Many lenders are lowering their rates in order to remain competitive. It is a great market for borrowers with so many financing options available. Lenders are also working together. We've been actively sourcing 2nd trust deeds to go behind our senior debt. By working together, lenders are able to achieve yield and provide ample leverage for the borrower.

GlobeSt.com:  The panel topic is "Everything but Agencies." Do you think the capital sources have moved away from agencies, and if so, why?

Mizrahi: Although agency rates are extremely low, it is still very difficult to qualify for conventional debt. With all of the restrictions and regulations, borrowers are utilizing private money to get their deals done.

GlobeSt.com: To which property types are you most attracted, and in which submarkets?

Mizrahi: We prefer income producing properties in coastal regions, but understand that investors are flocking to value-add properties in secondary and tertiary markets to achieve yield. Values have appreciated the fastest in coastal areas, but cap rates have become so compressed that investors are looking for opportunities elsewhere. Multifamily remains the preferred asset class for most lenders. 

GlobeSt.com: What are some of the major challenges you face in the financing space?

Mizrahi: There's increased competition amongst lenders. Many new private lenders have entered the market promising very high leverage and very low rates. Borrowers have unrealistic expectations based on what new lenders are promising. We've mitigated these challenges by providing speed, flexibility, and certainty of execution.