Doesn’t matter how much multifamily you build, there’s always going to be a demand for more, says Parkview Financial CEO Paul Rahimian (here with sons, twins Tyler and Colin). A growing number of people simply want to live in apartments, Paul says, and Millennials in particular want apartments with amenities and retail within walking distance. So is the American Dream of owning a home dead? Paul tells us that nationally, we are at a 40-year low in homeownership. In LA County alone, the percentage dipped below 48%; one out of every two people are renting, not owning. This is driving developers, with a huge uptick in multifamily building in the past 18 to 24 months. This includes re-evaluating projects that were once considered dead during the downturn. Paul also reports that rents are going up due to lack of supply, and that’s not limited to just one area. For more information on our Bisnow partner, click here.
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Parkview Financial LLC
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Parkview Financial is an alternative investment manager specializing in commercial real estate credit in the U.S. Over its 15-year history, Parkview has successfully executed more than $4 billion in short-term bridge and construction first-lien financing across 200 loans. The firm is active in major U.S. markets and is primarily focused on middle-market loans for the development, acquisition, renovation or refinancing of multifamily, single-family residential, industrial, retail and mixed-use projects. Headquartered in Los Angeles with offices in New York and Las Vegas, Parkview has grown exponentially since it was founded in 2009 by CEO Paul Rahimian. The firm has earned a reputation within the commercial real estate industry as a respected private lender known for its ability to provide swift, creative financing solutions to borrowers requiring certainty of execution. Parkview's success is driven by its team of seasoned in-house experts across originations, credit underwriting and construction, who bring creativity and agility to even the most complex projects. This combination of expertise and flexibility has solidified Parkview's standing as a trusted partner to experienced and well-capitalized borrowers.
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