Los Angeles-based real estate lender Parkview Financial has concluded a solid 2022, executing more than $1.1 billion in loan originations. The financing featured 30 construction and short-term bridge loans in 17 states, including $207 million for the purchase of New York’s iconic Hudson Hotel and $90 million for the construction of The Halo apartment project in New Jersey.

Despite the impressive number, economic headwinds in the 2nd half of 2022 prevented the company from breaking its 2021 all-time lending record of $1.2 billion. “We believe 2023 will have a slow start, but the second half should pick up steam as capital markets improve, and 2024 is poised to be a very solid year,” said Parkview Financial CEO Paul Rahimian (pictured).

“Real estate has always been a game of patience,” added Rahimian. “If you own or operate good real estate in strong locations, values will always hold over the long-term.”