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

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7 • 996 Ratings

🗓️ 6 February 2026

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 BurkeCurrent role: Founder & CEO, Praxis CapitalBased in: CaliforniaSay hi to them at: www.PraxCap.comwww.linkedin.com/company/praxcapwww.linkedin.com/in/praxiscapitalhttps://www.facebook.com/praxcap/https://twitter.com/praxcaphttps://www.instagram.com/praxcap/https://www.instagram.com/investorbrianburke Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/ Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:56.0	Structure is the strategy for the modern capital raiser, and this is where the industry is heading.
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1:07.7	knows your business. We help you handle the have-to-dos so you can focus on the
1:12.5	can't-wait-to-dos. It's a new workday. What has happened in Best Ever listeners? It's Matt Faircloth.
1:18.5	Welcome to the Best Ever CRE show. And I'm excited for today's episode, as I'm always excited to be
1:23.5	here with you guys for this program. I'm also excited for Best EverCon coming up in just a few weeks,
1:28.9	about a month and a half or so. It's coming up in Salt Lake City. It's going to be February 18 through 20,
1:34.8	and I expect to see you guys there. If you want to get there, go to best ever conference.com.
1:40.3	Pick yourself up a discounted ticket with a coupon code podcast, All Capital Letters, Podcast 10.
1:46.2	And I will see you guys in Salt Lake City where we can talk and more real estate shop.
1:50.6	Today, guys, my guest for the best ever a CRE show is somebody who I've become friends with.
	...

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