PHILADELPHIA, PA—Value-add multifamily and workforce housing are attractive sectors for lenders in the current market, but Opportunity Zones may not live up to their promise for real estate, according to participants in the “Deep Dive in Deal Making” panel at ALM’s GlobeSt.com Philadelphia Conference this week at the Crystal Tea Room. The panel was moderated by Jerry Kranzel, senior vice president, capital markets – institutional properties, CBRE
“We really like value add multifamily,” says Christophe Terlizzi, senior vice president & market leader for commercial real estate lending, KeyBank. “We see that as being one of the safest bets for balance sheet lending, and it also drives permanent loan business through our off-balance-sheet channels.”
