JF 4173: Bridge Debt, Market Bottoms and What Comes Next ft. Brian Burke

Matt Faircloth interviews Brian Burke, reflecting on the prolonged multifamily downturn and why 2025 failed to deliver the recovery many investors expected. Brian explains how elevated construction deliveries, negative rent growth, and mispriced cap rates have kept deal fundamentals from penciling, especially for assets acquired with high leverage. The conversation dives deep into the dangers of bridge debt, emphasizing that loan maturity risk, not floating interest rates, is what ultimately puts lenders in control. Brian also shares why he has shifted capital into assisted living, citing demographic tailwinds, improving fundamentals, and a supply-demand imbalance that contrasts sharply with multifamily. Brian Burke Current role: Founder & CEO, Praxis Capital Based in: California Say hi to them at: ⁠www.PraxCap.com⁠ ⁠www.linkedin.com/company/praxcap⁠ ⁠www.linkedin.com/in/praxiscapital⁠ ⁠https://www.facebook.com/praxcap/⁠ ⁠https://twitter.com/praxcap⁠ ⁠https://www.instagram.com/praxcap/⁠ ⁠https://www.instagram.com/investorbrianburke⁠ ============================================ Join 50K+ investors reading the Best Ever Newsletter each week: https://bit.ly/3SKhb7K STAY IN TOUCH ➤Newsletter: http://bestevercre.com/newsletter ➤Facebook Group: https://facebook.com/groups/BestEverShow ➤Facebook Page: https://www.facebook.com/bestevercre ➤Twitter: http://twitter.com/bestevercre ➤Instagram: https://www.instagram.com/bestevercre ➤Website: http://bestevercre.com ➤Book: https://amzn.to/3rXBfrA ➤iTunes: https://apple.co/3CxEyLe ➤Spotify: https://spoti.fi/3etJngD ➤Stitcher: https://bit.ly/3T8MAkD