Commercial Observer | January 10, 2022
Solomon Garber, a partner at Bridgeton Capital, likewise said that he is noticing more and more multifamily deals with very little margin for error.
“They are all relying on amazing, perfect capital markets execution,” he said. “They are all priced to perfection. They are all going to improve operating expenses. They are going to operate it more efficiently than the last guy, yet they are coming from out of town. Property taxes are never going to go up.
“What happens when they go to refi the short-term bridge debt in two to three years and rates are up and, say, there aren’t as many lenders competing for this stuff, or they didn’t quite hit their marks? Nobody wants to refinance a failed business plan, or a business plan that fell behind.”
Also, the peak might’ve already passed, raising the specter of any bubble there may be popping soon.
Commercial Observer | January 3, 2022
Solomon Garber, a partner in non-banking lending platform Bridgeton Capital, said that he expects record volume in the first half of 2022, before hot multifamily and industrial sectors begin to cool off slightly.
PR Newswire | September 21, 2021
Private investment firm and development group Bridgeton Holdings LLC launches its non-bank lending platform Bridgeton Capital, specializing in nationwide commercial mortgages for the hospitality industry, multi-family developments, offices, industrial, self-storage and construction projects nationwide.
No Vacancy Podcast with Glenn Hausman | December 13, 2021
Real estate hospitality developer, Bridgeton Holdings, announced the launch of its non-bank lending platform Bridgeton Capital specializing in nationwide commercial mortgages. The launch comes as a response to demand due to the COVID-19 pandemic. While the Company has experience in the hospitality industry the platform will service multi-family developments, offices, industrial, self-storage and construction projects in addition to hospitality nationwide. CEO Atit Jariwala joins to explain the program and how it’s helping COVID recovery.