New York Real Estate Journal

Charles Cronin, Axiom Capital

December 22, 2014 - Spotlight Content
What was the best thing that happened to you or your firm in 2014? 2014 was an exciting year for Axiom Capital. Not only did we bring in several new clients, but we also added some new team members to help handle our increased volume of business and our anticipated growth in 2015. We also put a significant effort into a rebranding project that will launch in the New Year. What was your most notable project, deal, transaction or personal achievement in 2014? What are you looking forward to accomplishing in 2015? My goal for 2015 is the same as any year. I look forward to the continuing growth of the company, finding the best opportunities for our current clients, forging new relationships and to finding new ways to strive for excellence through diligence, innovation, and execution. What are some of your real estate predictions for 2015? I predict 2015 is going to be a busy year for both acquisitions and refinancing of maturing debt. Interest rates will tick up moderately, spreads will compress, but not equal to the increase in rates meaning, overall borrowing costs will increase slightly. As rates on the short end of the yield curve increase prepayment penalties will decline further accelerating refinance activity.