Learn about Finneo's latest projects.
https://renx.ca/finneo-helping-move-cre-industry-into-a-new-digital-age/
Finneo founder Amar Nijjar says his firm is helping to take the commercial real estate financing industry out of the Excel spreadsheet era and into the modern era with its debt and transaction management software.
During the last two years, Finneo has facilitated more than $2 billion in financing for over 250 projects, 80 per cent of which are in Canada and the rest in the U.S., says Nijjar, the company’s CEO. Most of its financing deals are between $5 to $25 million.
“I saw that there were no real tools for me personally, from the companies that I was working with,” says Nijjar. “Technology has solved problems in other industries and I thought I could do the same for real estate.”
With Jake Arnoldi – Senior Sales Representative at Colliers International
Finneo: Big Box Retail and Malls were challenged pre-pandemic, but since the beginning of COVID, Amazon and other large retail platforms have added additional strain to the retail asset class (especially in primary markets) – Can you share, based on your experience, what impact (positive or negative) this has had on retail assets in secondary and tertiary markets?
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With Daniel Holmes – Executive Managing Director for the Greater Toronto region at Colliers International
Finneo: How will the pandemic change the design of office towers? Could we finally see the end of open floor plans?Daniel: The pandemic and remote working have given rise to concerns and expectations that employers will need to take into account as employees return to the office. As such, both the purpose and the design of the office are critical considerations as organizations welcome their people back.
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With Vicente Gamboa, AACI, MBA – Executive Vice President at Colliers International
Finneo: What challenges did the pandemic bring for Office and Retail Valuations?
Vicente: Since the onset of the COVID-19 pandemic, many challenges have emerged when modeling cash flows and completing office valuations. Traditionally we have seen well performing office assets with tenants on longer term leases (5/10 year) and stable and predictable cash flows from retail tenants or parking income. With the operational uncertainty for office and retail asset classes due to the varying travel, lifestyle and workplace restrictions, instability has arisen.
Listen in to our Founder, Amar Nijjar, moderate the Q1 2021 Commercial Real Estate Lenders Association (CRELA) Webinar and engage in a highly informative discussion on “How the CRE Industry is changing post COVID.”
The property owners/developers gave insights on how the pandemic affected their investment strategies backed by market data and intelligence reports.
Topics Discussed:Office sector:
1. To be, or not to be? Renovation of Existing and Development of Suburban Spaces
2. Multifamily Sector: Development, Rent Collection and Rent Growth
3. Retail Sector: Experience vs. Convenience? In-Person vs. E-Commerce?
4. Industrial Sector: How will increasing Land Prices affect Development Returns?
Overall, the industry experts had a positive outlook on the economic recovery of the Commercial Real Estate industry with the office sector expected to make a major comeback in the near future.
Listen in to our Founder moderate a panel of Senior Executives from the Canadian Commercial Mortgage industry including a market update from Colliers International.
Topics:
1. Office and Retail Sectors – With the impending Wave 2, how will Lenders respond to extended vacancies?
2. Hospitality and Retirement Sectors – Will there be opportunistic lending?How has COVID Impacted your financial institutions underwriting criteria?
3. Residential Construction – Are you bullish or bearish on exit prices?
Overall, the panel members discuss what is expected to come with a potential second wave of COVID-19 and what type of recovery is expected in the years to come.
Written by Sofiya
Back in September our team hosted a panel of Senior Executives from the Commercial Real Estate Lending Industry to discuss the shift (if any) in their appetite and underwriting criteria due to the impact of COVID-19 and a pending second wave.
In this webinar, we flip sides to the property owner and property developer perspective to discuss how COVID may be shifting their investment thesis.
Topics Discussed:
1. Multifamily Sector: Rent Collection, Rent Growth (or decline), and how has the impacted project economics?
2. Office Sector: CBD Markets have become “Ghost Towns” – is it logical and does it make sense to convert Office into other asset types? Has Suburban Office become more attractive?
3. Retail Sector: Experience vs. Convenience? In-Person vs. E-Commerce?
4. Industrial Sector: Given the cost of land has demand for industrial in secondary markets increased? Rental vs. Strata?
Overall the panel members had a very positive outlook on what is expected to come now that the vaccine is more of question of ‘when’ vs. ‘if.’ The two darlings still seem to be the Multifamily and Industrial Asset Classes.
CRELA Webinar
Watch HereListen in to our co- founder Nolan Apers, moderate the Q4 2021 Commercial Real Estate Lenders Association (CRELA) Webinar and engage in a highly informative discussion on “How the technology is enabling the Commercial Real Estate Debt Industry."
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