Veteran investment banker Robert Barthelmess of BGI Capital sheds light on the COVID-19 factor and what’s ahead in this key market.
Commercial and multifamily mortgage originations ended 2019 with the strongest quarter on record since the second quarter of 2007, according to the Mortgage Bankers Association. With a tax-friendly business environment and highly educated tenant pool, South Florida is a preferred destination for both investors and developers. Although it launched only three years ago, BGI Capital has become an active lender in the region.
Managing Partner Robert Barthelmess has more than 25 years of experience in corporate, banking and commercial real estate finance and currently oversees the lending and institutional relationship components for BGI Capital. In an interview with Commercial Property Executive, Barthelmess revealed details about his company’s most recent deals, provided insights on the South Florida market and also touched on how the coronavirus outbreak is impacting the private lending industry.