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."
Moderator Malcolm Davies, founder and senior managing partner of WAY Capital, noted that he's witnessing stress among borrowers who can't consistently inject cash into their deals.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
