Real Estate: The Best Alternative

There our powerful forces that influence how we think about things, and these forces often create and use terminology to advance their objectives. In the field of finance/investments this is certainly the case.

Ethan Penner Keynote Speaker at Bisnow National Real Estate Finance Summit – Sept 24, 2019

Join the Bisnow team on September 24th as we unpack everything you need to know about capital markets, the lending and investment climate, who’s buying and who’s selling, how to land your next deal, and how to weather future unpredictable factors.

Today’s CMBS: Born of Necessity in Capital-Starved Times

When Ethan Penner and his team in 1992 started originating commercial mortgages with an eye toward securitizing them, few lenders were willing to do so. Times were so desperate that even the best operators had a hard time getting a mortgage for their properties…

Mosaic Lends $460M on Downtown Portland Mixed-Use Project

Mosaic Real Estate Investors has provided $460 million in senior debt to BPM Real Estate Group for a massive planned mixed-use development called Block 216 in Downtown Portland, Ore., according to information from Mosaic.

Borrowers Cash in on Competitive Debt Fund Space

Borrowers are taking advantage of the crowded debt fund space to find some pretty sweet deals on short-term bridge loans.

Timbers Resorts Opens Luxury Residence Club on Kiawah Island

The $75 million Timbers Kiawah – Ocean Club & Residences is the South Carolina island’s first new residential oceanfront development in more than 30 years.

Lenders Look Carefully at Hotel Construction Deals

While lenders are cautious on hospitality deals, there are a range of options for borrowers looking to secure funding this year…

Mosaic Real Estate Lends $212M on Calif. Golf Resort Construction

The Robert Green Company has reeled in a $212.2 million mortgage for construction of new lodging buildings that will augment an existing resort…

LABJ Ethan Penner Most Influential Lender

Ethan Penner is the Founder and Managing Partner of MREC Management, LLC. He is a recognized pioneer in the field of real estate finance with a 35-year career marked by filling voids and responding to unseen or poorly understood opportunities. Over his career he has been involved in more than $30 billion of mortgage originations.

LABJ Vicky Schiff Most Influential Lender

Vicky Schiff is the Co-Founder and Managing Partner of MREC Management, LLC. She is a highly experienced and respected real estate executive whose investment career began in the early 1990s as an acquisitions and diligence executive for Summit Commercial/Highridge Partners in Los Angeles, where she worked on approximately $1 billion in transactions.

Vicky Schiff is the Keynote Speaker at PERE Women In Real Estate 2019

With the goal of promoting the advancement of women in private equity real estate investing, PERE Women in Real Estate will kick off its inaugural year on the afternoon of April 18 with featured keynote addresses, facilitated roundtable discussions and insightful panels populated and moderated by leaders in the industry.

Ethan Penner is a Keynote Speaker at CREF-C 2019

CRE Finance Council is pleased to announce the Commercial Real Estate Finance Summit – West. The 2019 Summit – West will be held on May 7th and 8th and hosted at the Fairmont Miramar Hotel in Santa Monica, CA.

Developer Secures $51M Loan For Office-Hotel Conversion Downtown

Ocean V, the hotel arm of developer PNK Group, has secured a $50.9 million loan to convert a dated Historic Core building into a 180-room business hotel Downtown. Mosaic Real Estate Investors provided the loan, arranged by HFF, Commercial Property Executive reported…

Mosaic Sponsors 2019 IREI VIP Conference

Women In Real Estate

Vicky Schiff is a big player in the real estate finance market, having co-founded debt investment platform Mosaic Real Estate Credit and MREC Management, where she serves as managing partner and chief operating officer. Schiff was introduced to the dynamic world of commercial real estate at the age of 3 by her father…

Mosaic on 2018 Top Direct Lender List

Mosaic Real Estate Credit listed as one of the Top Direct Lenders. The rankings reflect total dollar volume financed in calendar year 2017. The numbers encompass direct loans, credit lines, CMBS loans and other forms of direct investment in the commercial real estate industry.
The figures were collected via an online survey pushed out by NREI and reviews of company reports…

It was one of Sacramento’s seediest hotels. Soon, it just might be the coolest.

A run-down former hotel at one of downtown Sacramento’s seediest intersections is about to get a dramatic upscale remake. Construction starts this week on an 11-story boutique Hyatt Centric Hotel at the corner of 7th and L streets, to be built from the shell of the Marshall Hotel, a shuttered, century-old structure that has lived through downtown’s ups and downs…

You Get What You Pay For: Thoughts On Today’s Core Property Markets

That was one of my Granny’s favorite teachings. Granny wasn’t a wealthy woman or one who fancied expensive things, but she had a great clarity about the world. Observing today’s institutional investment industry, it seems as though many participants never got Granny’s message.

What If Credit Tightened By Even 1%?

This week I read an article about a company that offers personal loans to folks who are seriously down and out. One of their strategies involves mailing checks for $2,000 to these people’s homes and if the check is cashed it activates a loan agreement that calls…

10-Year Treasury Yields Reach Important Threshold

Ethan Penner, MREC Management Managing Partner discusses the U.S. 10-year treasury yields reaching 2.99%. Penner also sees a credit bubble in non-bank lending. He speaks with Betty Liu and Yvonne Man on “Bloomberg Daybreak: Asia.”

The Correction

The heavily anticipated correction finally arrived and somehow it caught everyone by surprise. As is the case in any correction, the market seems fraught with panic and confusion. “How low will it go?” What is the cause? These are the questions being asked broadly…

The World Won’t End – How to Invest Accordingly

In the midst of the financial crisis in late 2008 I recall feeling like things in the world would never again be the same. I remember wondering if the money printing called Quantitative Easing by the Federal Reserve Bank would cause even the average working person…

Commercial Property Executive – The Rise of CMBS

The Resolution Trust Corp.’s success with securitzation gave insight to a new rising star in the financial markets. Andy Stone, who worked as a mortgage trader under Lewis Ranieri at Salomon Brothers, saw potential in parlaying Ranieri’s success with residential mortgage-backed…

Cash Flow Connections – Uncharted Territory

Should you be investing as if interest rates are about to bounce back to 7%? Historically speaking, how does the current lending environment compare to cycles of the past? How can politicians’ incentives impact your portfolio and investment strategy?

Common Misunderstandings Related to Risk

Ethan Penner, managing partner at Mosaic Real Estate Investors, discusses the common misunderstandings related to risk.

The End of The Financial Supercycle

Since I graduated college nearly 35 years ago the yield on the 10-Year U.S. Treasury bond has declined from near 16% to today’s 2%-2.5% trading range level. This tells an important story. The massive decline in yields on all financial instruments during this period…

Housing Market Boom or Bust?

Ethan Penner, Mosaic Real Estate Investors, and Shari Olefson, The Carnegie Group founder, provide insight to the housing market.

The Dangers of Misunderstanding Liquidity

On a recent trip to New York, I was confronted with a recurring question as I circulated among business associates and financial reporters over several days of meetings. They wanted to know, what did I think of the looming liquidity crisis in bonds? My reply was…

The Appeal of Short Duration Investments

As a fund manager I find myself speaking to investors nearly daily.  This gives me a unique insight into the thought patterns of investors, what they value, what they fear, and their predilections. Not surprisingly, investors get very excited very easily, and often…