Samantha Rowan
Borrowers are wary of locking in long-term fixed-rate financing due to concerns about the impact of rising interest rates.
While the fundamentals of the multifamily sector are strong, with solid demand drivers and steadily rising rents, this does not mean these properties are entirely insulated from the current environment.
As the covid-19 pandemic winds down, the Commercial Real Estate Finance Council gears up to face another generational crisis.
The current environment could create opportunity for Ten Capital to expand its portfolio, CEO Ben Adams believes.
T30 Capital and Blueprint Capital Advisors want to expand their current pipeline of loans from $750m to $2.5bn.
An office to life sciences conversion could be a new lease on life for an old property, but lenders need to take into consideration the underlying risks associated with the tenants leasing the space.
Newmark arranged the loan on behalf of GFP Real Estate for the construction of a new office space for the Legal Aid Society.
Several bridge and construction lenders have already discussed a halt in lending for the near-term.
The firm has been an active buyer and seller over the past year, and earlier this month completed an $855.5m sale of a portfolio of workforce housing assets in Sunbelt markets with partner PGIM.
More than 50% of the firm’s total multifamily portfolio is comprised of fixed-rate loans.