Cheryl Higley talks Northmarq’s 2024 lending and debt strategy in Texas Real Estate Business

AUSTIN, Texas (Feb. 20, 2024) — While capital markets were hit harder than the overall economy, Debt + Equity Managing Director Cheryl Higley said the disconnect between buyer and seller expectations should lessen and caution about property operations/costs should cool in 2024.

“Our strategy in 2024 includes taking a proactive collaborative approach to providing the best solutions for our clients,” Higley told Texas Real Estate Business as part of its “2024 lender insights” feature. “This includes offering a property sale option, as well as advising on restructuring existing debt.”

Additionally, Higley said the primary sources of financing expected in 2024 will be the Agencies – most likely for loans on five- and seven-year, fixed-rate terms.

An expert in the origination of multifamily loans, Higley said Northmarq will focus on more agency executions — with rate buydowns and pricing discounts for mission-drive properties.

“We continue to partner with strong equity partners that provide a solution for a recapitalization,” Higley added.

Read Higley’s full commentary in Texas Real Estate Business.