In this episode, Axel sits down with Pat Brady — founder of Brady Capital Advisors — for a sharp conversation on the current New England debt market, what makes a great borrower, and where smart capital is flowing in 2026.

He brings a uniquely data-rich perspective on where bank spreads are heading, how rent control is reshaping Massachusetts, and why New Hampshire remains the region's most compelling multifamily market.

This episode is essential listening for any New England multifamily investor who wants a clear-eyed view of the lending environment and where to focus capital right now.

Join us as we dive into:

• Pat's path from internship at The Claremont Companies to Arbor Commercial Mortgage to boutique brokerage to founding Brady Capital Advisors
• The value proposition of a mortgage broker for both mom-and-pop operators and sophisticated institutional sponsors — and why it's different for each
• Why lenders perform better when a mortgage broker is involved; more incentive to compete, more willingness to problem-solve, and better negotiating leverage for the borrower
• The 2026 rate reset wave: borrowers locked in at low-3% fixed rates in 2021 are now facing balloon payments and refinances and what the current market looks like for them
• What separates a great borrower from a difficult one: transparency, clean books, and emotional stability
• How Pat's team is using Claude to eliminate data entry and free up originators to focus on revenue-generating work with strict guardrails around proprietary borrower data
• The Massachusetts rent control breakdown: 60% of investors pencils down, 20% waiting for a smoking deal, 20% calling it a generational opportunity
• Why New Hampshire is everyone's market right now and how capital migrating out of Mass is creating ripple effects across the region

Connect with Pat:

Connect with him on Linkedin
Follow Brady Capital on Instagram
Learn more about Brady Capital Advisors

Listen to the Previous Episodes with Pat:

Ep231 - Dissecting Current Debt Environment, Working w/ Local/Regional Banks, and How To Be A Great Borrower

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Connect with Axel:

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Connect with him on Linkedin
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Learn more about Aligned Real Estate Partners