- By Alex Riggs
- May 25, 2018
Life insurance companies continue to show a strong appetite for commercial mortgages as a piece of their investment allocation. In 2017, life insurance companies originated over $61 billion of commercial mortgage debt, and feedback from our correspondent life insurance company lenders indicates that this appetite will continue through 2018. However, there is a trend toward more conservative, lower-risk loans as we move into the latter stages of the current economic cycle. For life insurance companies, that means two things: first, a focus on low-leverage transactions (sub-65 percent loan to value); and second, an increase in their asset allocations toward multifamily propertie...
- By Cooper Williams
- March 28, 2018
Essex Financial Group – Real Estate Analyst Job Description Company Description:Essex Financial Group ("Essex") is the largest
independently-owned commercial mortgage banking firm in Colorado. Essex specializes in commercial real estate
debt and equity placement. For over 30 years, Essex has helped its
clients navigate the capital markets efficiently to identify the best capital
source and structure to meet their financing needs and objectives.As a loan correspondent for 25 life insurance companies, including
several on an exclusive basis, Essex is able to access non-recourse,
low-interest rate capital that nobody else can provide. While founded a...
- By Jared Wiedmeyer
- January 11, 2018
The start of a new year provides us with a chance to reflect on the
past twelve months and identify a few key insights into the capital markets that
our Borrowers can hopefully take advantage of heading into 2018. Perhaps the most dramatic change in the debt markets in 2017 was the
flattening of the yield curve, brought on by the Federal Reserve’s decision to
raise its target for the short term federal funds interest rate on three
separate occasions in March, June, and December. The federal funds rate is the
interest rate that banks charge each other for overnight loans, and as a result,
has a more direct impact on short-term interest rates. The chart above shows...
- By Jared Wiedmeyer
- August 22, 2017
The first half of 2017 has seen tremendous lending activity from our
correspondent life insurance companies, as several are ahead of plan for their
2017 loan allocations. Essex has recently
observed that life companies have been particularly competitive lending on
multifamily properties, especially in the past few months. The multifamily lending space is typically the domain of Freddie Mac
and Fannie Mae, but recently, Essex has observed several life companies outperforming
the two agencies, both in terms of loan proceeds and interest rate. Two multifamily deals that Essex has worked
on in the past two months have stood out in particular. O...