Word from the President: Reflecting on 2023
Hello community,
As we embrace the new year, we extend our heartfelt gratitude to everyone who contributed to Graham Mortgage Corporation‘s success in 2023. Last year brought unique challenges, and we appreciate the steadfast support of our partners, both longstanding and new, who joined us on this transformative journey.
Amidst tightening capital markets, we swiftly adapted, welcoming investors that empowered us to meet escalating demands. With banks retreating, we proactively secured and funded $55.6 million across 35 deals, marking a robust performance in volatile times.
A special shout-out to our dedicated intermediaries consistently bringing us valuable loan opportunities. This year’s standout is Ernest DesRochers of NorthMarq, who secured three loans totaling $7 million. Kudos also to Brock Hudson at CBRE, Brian Gramlich at Terrydale Capital, Stephen A. Scott at Equity Capital Person, James Roland at The Roland Company, and Shawn Zafarpour at Urban Arise, all deserving honorable mentions.
Looking ahead to 2024, our appetite remains robust, with our first loan already closed this week. As market conditions stabilize, we anticipate renewed opportunities. In a landscape where traditional capital sources remain constrained, we’re poised to capitalize on promising ventures. Our commitment to competitive rates persists, ranging above 12% on income deals and up to 14% on land transactions.
Finally, we have an exciting announcement about our monthly newsletter, which you can find in the link below. Stay tuned for more updates, and here’s to another year of growth and collaboration!
