Anyone have any insight or opinion on Beal Bank's real estate lending practice? Or have any direct experience dealing with them on a project?
I recall hearing/seeing them mentioned (through one of their affiliates) as having funded a few deals randomly over the years. I've read a few articles about the namesake and seems like a pretty shrewd guy. Runs the bank as sole shareholder as a quasi family office/hedge fund.
I've seen them pop up recently as they closed a very large construction loan in Dallas for MSD and heard from a few institutional debt brokers that they are supposedly scaling up to do large balance CRE construction loans and asset refinances. The one Dallas contact I have that knows them has indicated they are tough to deal with, but I don't know the context.
Beal Bank are goated CRE lenders. Quite sure Beal made himself a billionaire by just being super BS aggressive in small balance CRE loan markets.
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