Welcome to Blue Sky Capital Advisors Insights — the place where we'll share commercial real estate capital markets commentary, deal stories, and structural guidance for sponsors and operators.
Why publish this
Borrowers deserve a clearer view of how capital is actually getting placed right now. We talk to 100+ banks and dozens of institutional private lenders every week — patterns emerge.
Insights will track those patterns honestly:
- Where pricing is settling for stabilized multifamily
- Which property types lenders are leaning into (and avoiding)
- How sponsors are getting bridge-to-perm done in this rate environment
- Structural tools — preferred equity, mezz, A/B notes — and when they actually help
Cadence and format
Short, frequent, and useful. If a piece needs depth, it gets depth — but we'd rather publish a clear paragraph than a vague white paper.
The only useful market commentary is the kind that helps you make a decision this quarter.
What's coming first
- State of the bridge market — recap and forward look
- Multifamily refis: who's quoting, what they want
- Net-lease cap rate compression and what it means for refi math
- SBA 7(a) vs conventional for owner-user purchases
Indicative pricing snapshot
A rough cut of where we're seeing capital quoted this week:
| Product | Indicative Rate | LTV |
|---|---|---|
| Stabilized Multifamily (agency) | SOFR + 200–250 | up to 75% |
| Commercial Bridge | 8.49% – 10.99% | up to 70% |
| Owner-User Commercial | 6.99% – 8.49% | up to 90% (SBA) |
Talk to us
If you have a deal that needs capital — or a refi staring at a maturity wall — let's talk. The faster we see the file, the better the outcome.
More soon.