3650 Capital

In a recent interview with the Mortgage Bankers Association (MBA), Malay Bansal, Managing Director, and Head of Trading & Capital Markets at 3650 Capital, shared his expertise on the dynamic CMBS and CRE securitization markets. In this piece, Malay offers valuable insights on key trends shaping the industry, including the rise of multifamily collateral in CMBS issuance this year, the prominence of five-year transactions, and opportunities for CMBS lenders as other capital sources pull back.   As 3650 Capital continues its momentum into 2025, Malay underscores the importance of a constructive servicing relationship with the owner of the equity in a loan, long-term relationships and staying ahead of market shifts.   Read the full article for an in-depth look at the evolving CMBS landscape and what lies ahead for the market. https://lnkd.in/gX-bNQGY #CMBS #CRE #CapitalMarkets #Multifamily #3650Capital #CommercialRealEstate #RealEstateFinance 

We're proud to share that 3650 Capital invested in a $315mm transaction led by Wells Fargo and Goldman Sachs to refinance a self-storage portfolio for TPG Angelo Gordon and Andover Properties, spanning 43 properties across 11 states. With 3.1 million rentable square feet and approximately 21,300 units under the Storage King USA brand, this transaction highlights the growing demand for alternative real estate sectors like self-storage, which continue to demonstrate strong cash flow and long-term growth potential. Read the full article on GlobeSt.com to learn more about this significant financing: https://lnkd.in/gbkDv3km #RealEstate #CRE #SelfStorage #CommercialRealEstate #Financing

We’re delighted to announce that 3650 REIT is now 3650 Capital!   The firm, founded in 2017 by industry veterans Toby Cobb, Justin Kennedy and Jonathan Roth, has rebranded to reflect our rapid evolution into a solutions provider that can offer a diverse array of products across the capital stack and throughout the entire lifecycle of a property. While our name may be slightly different, 3650 retains its unique value proposition and complete dedication to value-add relationships and white-glove service.   Please note our new web address at www.3650capital.com

Toby Cobb, Co-Founder and Managing Partner of 3650 REIT recently shared his thoughts on originating office loans in today’s market, offering a lender’s perspective in a discussion with Shihao Feng of PERE Credit. As Cobb explains in the article, identifying the right office space has become increasingly complex. “There’s only ‘good’ office and ‘bad’ office. There are times when the dividing line between good and bad is much easier to ascertain, and there are times when the dividing line is much blurrier or wider,” he says.    Check out the full piece below! https://lnkd.in/exWUYQ_4

3650 REIT has provided a $73 million loan to Cityview and Wafra for the acquisition of Silva, a Class-A multifamily property in the highly desirable, Silver Lake neighborhood of Los Angeles. The newly constructed 221-unit building boasts units with panoramic views of the city, 9-foot ceilings and floor-to-ceiling windows, top of the line amenities, and green space. As 3650 Co-Founder and Managing Partner Toby Cobb notes in Multi-Housing News, “population growth within a three-mile radius of the property is projected to increase by approximately 5.6 percent over the next five years, making the Silver Lake area highly attractive for new rental housing construction.” Read more: https://lnkd.in/gDxH38JT

3650 REIT, along with JPMorgan Chase, have provided a $62 million loan for the refinancing of Columbus Business Park, an industrial complex that stretches over 3.9 million square feet across 153 acres in Columbus, Ohio. This marks 3650’s second successful transaction with ICP and IRG, following a $180 million loan for the refinancing of a six-property portfolio of industrial assets in Ohio and Michigan in 2023. 3650 REIT Co-Founder and Managing Partner Toby Cobb explains, “We’ve already had a constructive servicer relationship with [the borrowers], and they are coming back for another loan, and coming back to the same partnership with J.P. Morgan Chase.” Referring to Columbus Business Park, he continued, “The asset has superior sponsorship and it’s well leased and stabilized.” Read more: https://lnkd.in/gWNtdAza

Join 3650 REIT’s Managing Partner, Head of Bridge and Event Driven Originations Michael Fleischer at CRE Finance Council’s Panel on Thursday, March 14th in Los Angeles, CA. Michael Fleischer will be speaking on the panel, Beyond the Headlines: CRE Finance Perspectives from 5:00 - 8:00 pm. We look forward to hearing from all the panelists! https://lnkd.in/ge-aSEd4

3650 REIT Co-Founder and Managing Partner Toby Cobb recently shared his thoughts on the real estate cycle with Real Estate Capital USA’s Samantha Rowan for this month’s cover story. As Cobb states, “I do believe it is healthy for lenders to have broader real estate capabilities. But for a lender, picking the winners is not our business. It is missing the losers.” Read more in the piece below:  https://lnkd.in/ecacza4T

An issue in CRE is data smog. The Trepp podcast is helpful in that it identifies key trades nationally each week and explains how such trades reflect the state of the CRE market.

3650 Co-Founder and Managing Partner Toby Cobb took the stage at CRE Finance Council’s 2024 Miami Conference for the Welcome to Miami panel discussing real estate trends post-Covid with David Martin of Terra, Nitin Motwani of Merrimac Ventures, L.C., Nicholas Perez of Related Group, and Craig Robins of Dacra. Thank you to CRE Finance Council and everyone who attended for an incredible discussion and event! #crefinance