Report from the Thrivent Conference
Last week was the Thrivent Financial for Lutherans conference in Brainerd, Minn. There was no shortage of discussion about the recent market volatility. In response to the activity Thrivent has adjusted their rates upward, but not on a point by point basis with the 90 bp rise in treasuries that has occurred over the past 45 days. They have allocated $700MM-$1Billion for the year in the commercial real estate mortgage space, with a large percentage of that left to lend in the second half.
They’re currently offering fixed rate terms from 3-20 years, and will lend on multi-family, office, retail, industrial, and hospitality. Thrivent is a portfolio lender that does not sell loans. They are one of our correspondent lenders focused on lending in primary markets throughout the country.