Anna-Marie Beal

Real estate debt specialists say the partnering of lender types is a means of necessity rather than innovation.   

An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites. 

Commercial real estate valuations are under pressure and delinquencies are rising, but most bank management teams have maintained conservative underwriting metrics.

The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.

The market is inherently cyclical. But secular trends are increasingly affecting workout strategies.

Good candidates are those who can think past the end of the term of a loan.

The manager reckons the current market dynamic is resulting in two key trends – one is acquiring loans directly from Fannie Mae.

The ongoing banking pullback is the building blocks for this activity, said Alan Purser, global head of capital formation. 

The Milwaukee-based manager is looking at lenders with a deeper understanding of the sector.

Mitigants include a relationship approach to banking and exposure in well-known markets, said Joseph Scott, senior managing director at KBRA.