Samantha Rowan
The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.
Alternative lenders are expecting to increase their market share as regional banks pull back.
Debt funds and alternative lenders step into the space left by banks, Real Estate Capital USA data shows.
Greystone arranged the financing package for 1057 Atlantic Avenue.
The transaction comes as Fortress is gearing up to expand its wealth management business.
Rising interest rates and the reality of a post-covid-19 world mean valuations and leverage across all asset classes will be reset. Keys being handed back on office deals is a an indicator that has begun.
New Atlanta-based developer is aiming for green projects in Southeast US and Sunbelt.
In the short-term, a resolution will bring benchmark Treasury yields down slightly, especially on the short-end of the curve.
The New York manager acquired the property at 444 South Flower at a UCC auction in January.
National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets.