Spreads on newly originated loans were modestly tighter, according to data from Cushman & Wakefield.
The index was at 21.18% in January compared with 21.07% in both December and November 2023.
Elevated interest rates and limited transaction volumes constrained the US commercial real estate markets in 2023. But alternative lenders bet selectively on deals ahead of the next market cycle.
Having successfully weathered a turbulent 12 months, Taurus Investment Holdings is looking to build on recent successes, says Peter Merrigan, chief executive officer and co-founder.
As the US commercial real estate market adjusts to a higher-rate environment, Trimont is seeing the impact of extensions in 2023 that have trickled into the current year, says Bill Sexton, chief executive officer
The wave of maturities and refinancings looming over commercial real estate in 2024 poses critical challenges for a market still reeling from last year’s rates and valuations shocks, says Teresa Zien, managing director, capital markets at Invesco Real Estate.
While other firms sought to weather 2023’s turmoil by shoring up their businesses and concentrating on asset management, Bravo Capital is expanding its lending activity, say Aaron Krawitz and Gabi Moshayev.
Inside: It was a year for the alternative lender – were you among the winners of our annual awards?; Willy Walker of Walker & Dunlop’s $930bn question; Plus how senior management are dealing with a DE&I divide; Plus much more…
The Downtown Los Angeles office market is gaining some clarity with Brookfield’s slated $145 million sale of 777 Tower following a $289 million debt default; NYU’s Stern Center calls for more green financing and decarbonization action from borrowers and lenders as regulatory pressure looms; Northwind Group places a rare bet on office with Jersey City asset financing amid broad sector headwinds; and more in today’s Term Sheet, exclusively for our valued subscribers.
Arbor Realty Trust shows US regional banks are not the only lenders facing increased scrutiny after logging higher-than-expected loan delinquencies and borrower troubles; Greystone Commercial Capital catches a wave on Miami’s lending momentum with $419.6 million refinancing deal for Florida East Coast Realty’s Panorama Tower; Starwood Capital and Artisan Ventures run into more Los Angeles office troubles with default on financing from MetLife Investment Management; and more in today’s Term Sheet, exclusively for our valued subscribers.