<br />
September 2016<br />
www.nreionline.com<br />
CLIMBIN<br />
THE RA<br />
The top direct lenders<br />
intermediaries.<br />
G UP<br />
NKS<br />
and financial<br />
p. 20<br />
Industry members expect capital markets<br />
to remain favorable in the next 12 months.<br />
p. 14<br />
How did the first conduit deal<br />
structured according<br />
to risk retention<br />
rules perform?<br />
p. 26<br />
SEPTEMBER<br />
2016<br />
CONTENTS<br />
20<br />
COVER STORY:<br />
Who are the top lenders and<br />
financial intermediaries in 2016?<br />
Illustration by Runeer/Getty Images<br />
DEVELOPMENTS<br />
7 NO WORRIES<br />
Lenders are still eager to originate<br />
permanent multifamily loans.<br />
8 UNASSUMING WINNER<br />
Self-storage assets continue to<br />
offer outsized returns.<b<a title="September 2016 page 1" href="http://viewer.zmags.com/publication/c07da03d?page=1"> September 2016 www.nreionline.com CLIMBIN </a>
<a title="September 2016 page 2" href="http://viewer.zmags.com/publication/c07da03d?page=2"> SEPTEMBER 2016 CONTENTS 20 COVE</a>
<a title="September 2016 page 3" href="http://viewer.zmags.com/publication/c07da03d?page=3"> Shorten leasing cycle times with an innovative mo</a>
<a title="September 2016 page 4" href="http://viewer.zmags.com/publication/c07da03d?page=4"> DATAPOINTS A METER OF INDUSTRY TRENDS </a>
<a title="September 2016 page 5" href="http://viewer.zmags.com/publication/c07da03d?page=5"> THEM A manually manipulated </a>
<a title="September 2016 page 6" href="http://viewer.zmags.com/publication/c07da03d?page=6"> DATAPOINTS A METER OF INDUSTRY TRENDS </a>
<a title="September 2016 page 7" href="http://viewer.zmags.com/publication/c07da03d?page=7"> TRUST. It takes years to build, seconds to break </a>
<a title="September 2016 page 8" href="http://viewer.zmags.com/publication/c07da03d?page=8"> FIRST WORD Back in the Game I t's bee</a>
<a title="September 2016 page 9" href="http://viewer.zmags.com/publication/c07da03d?page=9"> A LOOK AT MULTIFAMILY PROJECTS S</a>
<a title="September 2016 page 10" href="http://viewer.zmags.com/publication/c07da03d?page=10"> SELF-STORAGE Easy Money Investment management fi</a>
<a title="September 2016 page 11" href="http://viewer.zmags.com/publication/c07da03d?page=11"> Commercial Real Estate ABOVE AND BEYOND. “Capi</a>
<a title="September 2016 page 12" href="http://viewer.zmags.com/publication/c07da03d?page=12"> FINANCE & INVESTMENT Piece of the Empire A Qat</a>
<a title="September 2016 page 13" href="http://viewer.zmags.com/publication/c07da03d?page=13"> FINANCE & INVESTMENT Ready for Action Big ban</a>
<a title="September 2016 page 14" href="http://viewer.zmags.com/publication/c07da03d?page=14"> SINGLE-FAMILY HOMES Uninteded Beneficiaries Is</a>
<a title="September 2016 page 15" href="http://viewer.zmags.com/publication/c07da03d?page=15"> Prudential Mortgage Capital Company's loan progra</a>
<a title="September 2016 page 16" href="http://viewer.zmags.com/publication/c07da03d?page=16"> Great Expectations Commercial real estate borrow</a>
<a title="September 2016 page 17" href="http://viewer.zmags.com/publication/c07da03d?page=17"> Finance/Investment Research Report over t</a>
<a title="September 2016 page 18" href="http://viewer.zmags.com/publication/c07da03d?page=18"> Finance/Investment Research Report Mixed </a>
<a title="September 2016 page 19" href="http://viewer.zmags.com/publication/c07da03d?page=19"> Finance/Investment Research Report life c</a>
<a title="September 2016 page 20" href="http://viewer.zmags.com/publication/c07da03d?page=20"> Finance/Investment Research Report loans </a>
<a title="September 2016 page 21" href="http://viewer.zmags.com/publication/c07da03d?page=21"> Finance/Investment Research Report Figu</a>
<a title="September 2016 page 22" href="http://viewer.zmags.com/publication/c07da03d?page=22"> TOP LENDERS Deep Pockets Big commercial b</a>
<a title="September 2016 page 23" href="http://viewer.zmags.com/publication/c07da03d?page=23"> TOP LENDERS Tota</a>
<a title="September 2016 page 24" href="http://viewer.zmags.com/publication/c07da03d?page=24"> TOP LENDERS Business Development; Rob Littl</a>
<a title="September 2016 page 25" href="http://viewer.zmags.com/publication/c07da03d?page=25"> Strength & Conditioning In August 2015, we lai</a>
<a title="September 2016 page 26" href="http://viewer.zmags.com/publication/c07da03d?page=26"> TOP LENDERS 5 Deer</a>
<a title="September 2016 page 27" href="http://viewer.zmags.com/publication/c07da03d?page=27"> TOP LENDERS 16 Gra</a>
<a title="September 2016 page 28" href="http://viewer.zmags.com/publication/c07da03d?page=28"> CMBS In New Territory CMBS originators p</a>
<a title="September 2016 page 29" href="http://viewer.zmags.com/publication/c07da03d?page=29"> CMBS </a>
<a title="September 2016 page 30" href="http://viewer.zmags.com/publication/c07da03d?page=30"> VIEWPOINT Renovation Challenge How to solve t</a>
<a title="September 2016 page 31" href="http://viewer.zmags.com/publication/c07da03d?page=31"> Be part of the 70,000 commercial real estate prof</a>
<a title="September 2016 page 32" href="http://viewer.zmags.com/publication/c07da03d?page=32"> VIEWPOINT Closing Stores, Opening Possibiliti</a>
<a title="September 2016 page 33" href="http://viewer.zmags.com/publication/c07da03d?page=33"> LAST WORD How Long Does it Take to Build a Mal</a>
<a title="September 2016 page 34" href="http://viewer.zmags.com/publication/c07da03d?page=34"> $600 MILLION SECURITIZATION 2,385 RENT-TO-OWN P</a>