Samantha Rowan
The $308m loan is expected to be sold for a 50% discount.
London-based manager to expand platform via a joint venture with Quadrant Real Estate Advisors.
The financings come at a time when few lenders have been funding construction loans.
The long cycle has meant a dearth of workout specialists as lenders and borrowers seek to modify loans.
The long cycle has meant a dearth of workout specialists as lenders and borrowers seek to modify loans.
Real Estate Capital USA’s most popular stories of the year included its annual ranking of real estate debt funds, in-depth analysis on borrower strategies to extend loans and in-depth interviews with senior industry executives.
The asset class remains difficult to finance but leasing and visitation levels are slowly rising.
A higher for longer interest rate environment, a shift toward onshoring and the impact of climate change will all affect the way lenders need to assess risk going forward.
The firm has an almost 95% occupancy rate in its office portfolio.
As the multifamily sector has evolved into a number of distinct subsectors, lenders and investors are taking a new look at where value lies in the capital stack – and which asset classes are set to outperform.