Shihao Feng
Interest rate volatility and policies that could affect housing and industrial development are in the spotlight.
The partners see potential to originate loans on high-quality office properties around the US.
The joint venture this week recapitalized New York’s 620 Fifth Avenue via a five-year $320m loan.
The $3.5bn transaction is the largest commercial mortgage-backed securities sale since 2021.
The manager is targeting growth opportunities amid CMBS market dislocation.
The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.
In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.
Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.
The industry veteran also joins the company’s board of directors.
The financing marks the largest C-PACE deal to date in Nevada.