Anna-Marie Beal
The fixed-rate agency financing was arranged by Cushman & Wakefield.
Bridging short-term cash shortages, this option can help borrowers buy time.
The sponsor, Adler Real Estate Partners, will use the five-year, fixed-rate loan to recap a nine-property portfolio.
The firm is looking to grow its debt platform and recently hired Dean Dulchinos as head of debt portfolio management to oversee activity.
A lower leverage, liquidity-constrained environment makes it a good time to be a lender, market participants say.
GFP Real Estate, Metro Loft Management and Rockwood Capital have secured a $536m loan from MSD Capital and Apollo to finance what will be the largest-ever office-to-residential conversion in the US.
Facing a wall of maturities in a rising rate environment, borrowers need the one thing that could prove impossible to get.
After a volatile 2022, green lending is set to become higher priority in the coming year.
The Los Angeles-based duo originate fixed- and floating-rate loans of up to $100m on value-added properties.
A subsidiary of the Canada Pension Plan Investment Board committed more than $500m to the fund.