Mission Control – The Bellwether Enterprise Podcast

In this podcast episode BWE Vice President Lundat Kassa and Allyson Randolph, assistant director of real estate at Community Solutions, recap a transaction BWE executed on behalf of Community Solutions that utilized various capital sources to purchase a mission-driven property in under 90 days at market. Community Solutions, a nonprofit, has a goal to end homelessness and purchased Centra Villa Apartments in Atlanta, GA to help serve that mission.

In this episode, we talk with Jim Gillespie about how he and his team started the Direct Bond Purchase (Private Placement Bond) program at BWE and how it's deployed. For more information about the execution of Direct Bond Purchase financing and how it can be beneficial for your 4% LIHTC affordable housing investment, reach out to Jim Gillespie or a BWE Affordable Housing Specialist: Jim Gillespie 646-829-1157 jim.gillespie@bwe.com https://www.bwe.com/affordable

Gerry Flynn, owner of Polar Star Properties and BWE client, discusses in this episode how they utilized modular construction when building Spring Creek Village, an affordable housing community in Gypsum, Colorado. The lack of affordable places for people to live is one of the most significant issues facing this region, Gerry said. He described how the first question typically asked to individuals applying for jobs in the nearby resort communities, like Vail and Beaver Creek, is if they have a place to live. And all too often, they are disqualified from a position because their answer is 'no.' Gerry and his partners are working to change that by providing more affordable places for people to call home.

For this episode of the podcast, we sit down with BWE client Mike Hogan to discuss his professional journey founding HomeSpring Realty Partners and developing affordable housing in San Antonio, Texas. This interview was recorded in November as a part of our Working Together campaign where we highlight our mission to create more affordable housing across the country. The campaign can be viewed in its entirety at bwestorybook.com.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate. Highlights from this week's episode include: – The Federal Reserve has enacted another 0.75% short-term interest rate increase making it the second consecutive hike over the past two months. – The dip on the benchmark 10-Yr Treasury represented the lowest level since April 5th of this year. – The agencies continue to respond to a flurry of business as their pricing has been amongst the most competitive in the market. Both Fannie and Freddie have reported healthy inflows reviewing $2.5 billion in loan opportunities per week ending-out June at a monthly total of $7.4 billion. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate. Highlights from this week's episode include: – Fed minutes from their June 14-15th FOMC meeting emphasized their resolve to utilize aggressive, near-term rate policies to conquer inflation. – Life Companies are undergoing price discovery as they react to the markets. Current pricing for transactions in the 60-65% LTV are currently yielding spreads of approximately 1.60-1.90%. – The agencies have had a very active summer thus far and plan to continue this pace through the end of year.  – Section 232 HUD-insured financing can help operators and owners with refinance, new construction, or improvements to Skilled Nursing, Assisted Living and Memory Care facilities. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

BWE Senior Vice President Tony Love discusses how BWE is able to help developers navigate the challenges of constructing new affordable housing in today's environment of rising construction costs, supply chain disruption, and increased inflation.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate. Highlights from this week's episode include: Earlier this month the Federal Reserve met market pundit expectations of a three-quarter of a point Fed Funds rate increase, marking the largest such move in a single meeting since November 1994. Over the past week we've seen “corporates” (‘A' and ‘BBB' corporate paper) slightly contract which have helped spreads from widening for Life Company lenders. Several new initiatives at HUD are making HUD-insured financing programs more attractive to borrowers.  For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate. Highlights from this week's episode include: The 10-Yr Treasury yield rose nearly 17.5 basis points from Friday's close to 3.33% on Monday representing the highest level since May 2011. Life Companies are winning deals based on their ability to lock-in the rate earlier than any other permanent lender in the market. The agencies have seen an increase in activity over the past month as both Fannie and Freddie have implemented pricing reductions to their grids. Mission-driven and affordable business will continue to ensure the best pricing. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate.   Highlights from this week's episode include: Renewed inflation concerns have caused Treasury yields to buoy up by the most in more than three weeks. The 10-Year rose approx. +11 basis points from Friday's close and is currently at 2.91%. Agencies have undergone another pricing reduction to their grids that reflected an approximate 10-basis point decrease on spreads for higher-leverage loans nearing their 80% LTV ceiling, and a 5-basis point decrease for deals that are in the lower end of their range at leverage of 55%-65%. The Queue for HUD production offices continues to shrink, resulting in more favorable time frames for Processing FHA insured loans. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate.   Highlights from this week's episode include: Life Companies have reported mixed feedback this week in quoting and closed business as spreads have increased for attractive lower- leverage loans (60-65% LTV) by approximately 5-10 basis points to a range from 1.60% to 1.90%. The agencies provided pricing reductions for sub-$6 million loans to increase their deal flow for 5–50-unit properties. HUD is providing borrowers attractive construction loan programs with potentially less long-term risk. The HUD 221(d)(4) program can remove many of the uncertainties of building Multifamily projects in this financial climate. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate. Highlights from this week's episode include: The Federal Reserve approved a rare half-percentage point interest rate increase. The agencies have reduced their pricing grids this week resulting in an uptick in business. And the Life Companies have consistently been competitive and winning business on all fronts, most notably for their ability to lock rate at application even in today's volatile rate market. For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The topic for this episode is diversity within the commercial real estate industry. Joining the podcast to talk about the state of diversity in the real estate industry, and to discuss some things being done to increase industry diversity, is Marcus Cole – the director of Future Housing Leaders. Future Housing Leaders is a free, Fannie Mae-led recruiting service that helps companies create a more diverse workforce. It focuses connecting college students to potential paid internship and entry-level job opportunities with top employers in the housing industry.

On this episode of Mission Control – The Bellwether Enterprise Podcast, Chief Administrative Officer Denise McGee gives an overview of the newly established BWE Foundation and the education initiative that is a key part of the 501(c)(3)'s mission. She details how and why the Foundation was established, how the funds are raised, and the process for issuing $10,000 college scholarships to six recipients in the foundation's first year. Stay tuned on the Bellwether Enterprise LinkedIn page for updates and to meet this year's scholarship recipients, and subscribe to our YouTube Channel to catch all of the latest episodes of Mission Control.

Bellwether Enterprise EVP Sara Behrman has been working in the commercial real estate industry for over 30 years. Sharing insight, tips, and advice, for this episode of the podcast she shares how establishing great relationships has been the most important aspect to her decades-long success.

The Mission Control Podcast is back with a new season and series to be featured as part of our monthly newsletter "The BWE Insider." This episode explores the impact the COVID-19 pandemic had on the retail industry in 2020 and what to expect today from lenders looking to invest in Retail Commercial Real Estate.

Chris Herrmann of Enterprise Community Investment joined Tee It Up for this episode to discusses some of the impacts he is seeing at the property level by property owners/managers, as well as residents at properties ECI invests in.

Chris Herrmann, Senior Vice President of Enterprise Community Investment who oversees the conventional equity side of ECI, joins Bellwether Enterprise EVP Phil Melton in the latest episode of Tee It Up to discuss the nonprofit's conventional investing strategy and outlook for the second half of 2020. He discusses the tension between buyers and sellers who each have their own perspective on the current state of the marketplace, and how they are being selective with the discretionary funding available from Enterprise Community Investment.

Charlie Werhane, president of Enterprise Community Investment, is back for Part 2 of “Tee It Up with Phil Melton” with another very insightful episode, where he dives into the response he is seeing from various markets as a result of the COVID-19 pandemic.

The next guest of Tee It Up with Phil Melton is Charlie Werhane, President of Enterprise Community Investment. On this episode, Charlie discusses ways that Enterprise is addressing the needs of tenants and property owners during the pandemic through policy and advocacy.

Chris Finlay of Lloyd Jones is back for Part 2 of Tee It Up with Phil Melton. For this part of the conversation, they dive into managing the challenges of operating senior housing facilities and serving residents during the COVID crisis.

Our next guest on the Tee It Up with Phil Melton video podcast is Chris Finlay of Lloyd Jones. No matter how difficult things may get during this COVID-19 pandemic, as lenders and borrowers or tenants and property managers, at the end of the day, we're all in this together. That was a key takeaway from the conversation here in Part 1.

Phil is joined again by Ryan Huffman, COO of Cohen-Esrey, for Part 2 of the latest interview session with the development group based in Kansas. Their conversation focuses on the property management side of the business and serving residents during this difficult time.

For this week's Tee It Up with Phil Melton, Phil was joined by Lee Harris and Ryan Huffman of Cohen-Esrey. One thing that stood out in Part 1 of their conversation is when Lee described how "the crisis has done nothing to dampen the need for affordable housing" and he envisions it having "little to no impact on Affordable Housing Development." Other topics from the conversation include the response to the acquisition side of the business coming to a "screeching halt," how having an adaptable and entrepreneurial business philosophy has been critical in maneuvering through the crisis, and their outlook on how the market will respond as we hopefully progress towards the end of the crisis.

For Part 2 of Phil's conversation with Michael Nguyen, President and CEO of Atlantic Housing, they discuss the impacts the coronavirus pandemic is having at the local, resident level - as well as some of the initiatives and efforts that Atlantic Housing is taking to respond to and offer support for its residents.

Launching the all-new Bellwether Enterprise podcast series Tee It Up with Phil Melton. Phil is EVP and Director of Affordable Housing and FHA Lending at Bellwether - and was joined by his client Michael Nguyen, President and CEO of Atlantic Housing, a nonprofit organization based in Dallas, TX. In part 1 of their conversation, Michael talks about how they have been able to react to the operational changes that have been caused by the coronavirus crisis.  In part 2, Phil brings the conversation to the local, resident level - where Micheal discusses some of the impacts the coronavirus pandemic is having on tenants - as well as some of the initiatives and efforts that Atlantic Housing is taking to respond to and offer support for its residents.

Ilya Weinstein, a loan producer who is part of Bellwether Enterprise's Affordable Housing Group, tells his story of how he and his family emigrated from Russia to New York City when he was a boy. His family of four lived in a hostel and then a one-bedroom apartment in the city until his parents eventually climbed the corporate ladder and moved to something more long-term. Ilya points to having stable, affordable housing as a critical component to the success he and his family have had in America.

Beginning in the 4th quarter of 2019 and continuing throughout the entirety of 2020, the FHFA changed the way and the amount of its allocations to Freddie Mac and Fannie Mae. Bellwether Enterprise SVP Jason Krupoff joins Mission Control to discuss those changes and their impacts on affordable housing.

For this episode of Mission Control – The Bellwether Enterprise Podcast, we continue for the second of a two-part series filmed in Denver last summer with SVP Anthea Martin. The first episode, appearing as episode #2 of Mission Control featured Anthea and Bellwether Transaction Manager Colleen Basil discussing the topic of Women in Commercial Real Estate. Anthea shares a little about her background getting into the business and industry, and discusses the current state of Affordable Housing, what it looks like today, and the impact an increase in funds and supportive policy dedicated to the expansion of affordable housing can have.

For this episode of Mission Control – The Bellwether Enterprise Podcast, EVP Tom Kenny and VP Josh Boehling break down some equity deals and the capabilities Bellwether Enterprise can provide and offer to clients.

The "What's the Weather" series with Anthony Tarter continues on Mission Control – The Bellwether Enterprise Podcast. Anthony is EVP and Director of Workforce Housing and Social Impact at Bellwether Enterprise, and for this episode, we sit down with another client of his, CAF. CAF is a private equity real estate firm, specializing in the acquisition, redevelopment, re-positioning and subsequent sale of institutional quality multifamily real estate. And a big part of their business is implementing social impact strategies at properties they own and manage to offer valuable services and improve the quality of life for their residents.

Rent Control - it's a topic that is seemingly always in the news surrounding California Real Estate. So for this episode, Bellwether Enterprise SVP Laurie Morfin joins Mission Control to discuss what is going on in the area of rent control in California and how it is impacting property owners and tenants. She also shares some knowledge on the state's balcony inspection laws and the impact they are having on landlords and financing deals. — "Mission Control – The Bellwether Enterprise Podcast" hosted by Ryan Dentscheff highlights all things commercial real estate financing with some of the leading experts in commercial and affordable mortgage banking. From affordable housing, specialized property types, and unique deal structures; to trends and interesting topics occurring in the industry, this podcast explores it all. Subscribe to Mission Control – The Bellwether Enterprise Podcast iTunes | https://apple.co/2M5um3S Google Play | https://bit.ly/2Y92E8J Spotify | https://spoti.fi/2M2GCSy Stitcher | https://bit.ly/2yaMzEN Connect with Bellwether Enterprise: Website: https://www.bellwetherenterprise.com/ Instagram: https://www.instagram.com/Bellwether_... Facebook: https://www.facebook.com/Bellwether-E... Twitter: https://twitter.com/BWE_RealEstate/ YouTube: https://www.youtube.com/channel/UCW0c... LinkedIn: https://www.linkedin.com/company/bell... -------- Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. We provide flexible, competitive financing solutions with streamlined underwriting and enhanced loan servicing for Market Rate, Affordable Housing, Workforce Housing, Manufactured Housing Communities, Seniors Housing, Senior Communities and Long-term Care Facilities. As a subsidiary of Enterprise Community Investment, Inc., we support its mission of creating and preserving affordable housing in thriving communities. With an unwavering commitment to regional expertise and unmatched customer service, we are making an impact beyond the bottom line. With 27 offices throughout the country, we provide a wide variety of loan products from Life Insurance Companies and Pension Funds, Freddie Mac, Fannie Mae DUS Lender (Multifamily affordable and Market Rate Housing Lender), FHA, USDA and CMBS to name a few. We are Capital on a Mission!

For this episode, Bellwether Enterprise EVP Anthony Tarter launches a new series of Mission Control — The Bellwether Enterprise Podcast we're calling "What's the Weather?" Anthony will be bringing in various clients and guests for the series to discuss the economic climate, particularly relating to the Workforce Housing market. He also will be incorporating various beverages or foods to spice things up and bring and interesting twist to the conversation! For this episode, we welcome in JP Newman, Founder and CEO of Thrive, FP.

Dominium Vice President and Project Partner Jeff Spicer joined Mission Control with Bellwether Enterprise SVP Kevin Bowen to discuss the state of the multifamily housing market.

For this episode of Mission Control, The Bellwether Enterprise Podcast, BWE Senior Vice President Kevin Bowen was joined by a client and longtime friend and mentor of his John Greenan of CitySquare Housing. We discuss the current state of Affordable Housing in the Dallas and Texas market. A key topic of conversation surrounded housing solutions for individuals who are homeless and keeping people off of the streets and in homes. One way John and CitySquare aims to do this is by building tiny homes and converting shipping containers into residences.

Bellwether Enterprise's Senior Vice President Anthea Martin and Transaction Manager Colleen Basil join "Mission Control – The Bellwether Enterprise Podcast" to have a conversation surrounding the topic of women in the commercial real estate industry. They each discuss their career paths to the Affordable Housing Group at BWE, as well as things they would like to see happen within the industry to help project more women into leadership positions. — "Mission Control – The Bellwether Enterprise Podcast" hosted by Ryan Dentscheff highlights all things commercial real estate financing with some of the leading experts in commercial and affordable mortgage banking. From affordable housing, specialized property types, and unique deal structures; to trends and interesting topics occurring in the industry, this podcast explores it all. Subscribe to Mission Control – The Bellwether Enterprise Podcast iTunes | https://apple.co/2M5um3S Google Play | https://bit.ly/2Y92E8J Spotify | https://spoti.fi/2M2GCSy Stitcher | https://bit.ly/2yaMzEN Connect with Bellwether Enterprise: Website: https://www.bellwetherenterprise.com/ Instagram: https://www.instagram.com/Bellwether_... Facebook: https://www.facebook.com/Bellwether-E... Twitter: https://twitter.com/BWE_RealEstate/ YouTube: https://www.youtube.com/channel/UCW0c... LinkedIn: https://www.linkedin.com/company/bell... -------- Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. We provide flexible, competitive financing solutions with streamlined underwriting and enhanced loan servicing for Market Rate, Affordable Housing, Workforce Housing, Manufactured Housing Communities, Seniors Housing, Senior Communities and Long-term Care Facilities. As a subsidiary of Enterprise Community Investment, Inc., we support its mission of creating and preserving affordable housing in thriving communities. With an unwavering commitment to regional expertise and unmatched customer service, we are making an impact beyond the bottom line. With 27 offices throughout the country, we provide a wide variety of loan products from Life Insurance Companies and Pension Funds, Freddie Mac, Fannie Mae DUS Lender (Multifamily affordable and Market Rate Housing Lender), FHA, USDA and CMBS to name a few. We are Capital on a Mission!

Bellwether Enterprise Senior Vice President MJ Vukovich joins "Mission Control – The Bellwether Enterprise Podcast" to discuss his experience working as a loan originator specializing in Manufactured Housing Communities.   MJ describes how he got his start in the Commercial Real Estate industry first working for his family's business, his role now at Bellwether Enterprise, how Manufactured Housing Communities fit into today's marketplace, and how they play in the future of Affordable Housing.           Connect with Bellwether Enterprise:   Website: https://www.bellwetherenterprise.com/   Instagram: https://www.instagram.com/Bellwether_Enterprise/   Facebook: https://www.facebook.com/Bellwether-Enterprise-467856173295110/   Twitter: https://twitter.com/BWE_RealEstate/   YouTube: https://www.youtube.com/channel/UCW0c6VXiiD_NSgNwwNqoZfw   LinkedIn: https://www.linkedin.com/company/bellwether-enterprise-real-estate-capital/     ----------  Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. We provide flexible, competitive financing solutions with streamlined underwriting and enhanced loan servicing for Market Rate, Affordable Housing, Workforce Housing, Manufactured Housing Communities, Seniors Housing, Senior Communities and Long-term Care Facilities.     As a subsidiary of Enterprise Community Investment, Inc., we support its mission of creating and preserving affordable housing in thriving communities. With an unwavering commitment to regional expertise and unmatched customer service, we are making an impact beyond the bottom line.  With 27 offices throughout the country, we provide a wide variety of loan products from Life Insurance Companies and Pension Funds, Freddie Mac, Fannie Mae DUS Lender (Multifamily affordable and Market Rate Housing Lender), FHA, USDA and CMBS to name a few. We are Capital on a Mission!