Samantha Rowan
Crescit Capital Strategies' chief executive talks to Real Estate Capital USA about the state of the lending market going into 2023 – and its silver lining for some managers.
More commercial real estate borrowers are taking a different tack in trying to manage rising interest rates, looking at the potential for assuming seasoned, in-place debt as an alternative to obtaining new financing when making acquisitions.
A drop in transaction volume has softened commercial real estate debt recruitment efforts.
Harbor Group finances needed New York medical space.
More equity players are looking at short-term credit opportunities.
The largest offerings include the $1.5bn Bridge Debt Strategies Fund IV and the $1.75bn Madison Realty Capital Debt IV.
The pension fund made 10 commitments totaling $1.28bn to the sector from 2017 through the third quarter 2022
The financing was arranged by Lotus Capital Partners on behalf of a joint venture between Gencom and Mohari Hospitality.
The manager has made several hires and promotions to more effectively tackle opportunities in the workforce housing and structured credit markets.
Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.