Anna-Marie Beal
The Charlotte-based manager is seeing banks and other traditional lenders hesitate amid volatility, but it is confident in its ability to line up debt.
The manager is bullish about the sector, despite market headwinds.
The newly built apartment property is located in Frisco, Texas – a hot multifamily market.
The bank originated the five-year, floating-rate loan for New York manager Rose Valley Capital.
Advance Realty Investors and Greek Development are planning a series of projects that are slated for completion in 2023.
The city has seen many multifamily deals in recent months, but concerns remain around affordability.
The firm hired Ashleigh Simpson, who rejoins Grosvenor from MetLife Investment Management, to spearhead growth for the development financing platform.
Amid lingering uncertainty, the manager analyzes historic rates in an attempt to predict what is to come.
The New York-based manager believes lenders will be receptive to financing new deals and rehabs in the fast-growing sector.
Colliers arranged the financing on behalf of the borrower, North River Leerink.