Shihao Feng
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.
Sponsors Metro Loft Management and David Werner will convert the former Pfizer headquarters in midtown Manhattan.
There is a bifurcation in the performance of five- and 10-year conduit loans, according to data from Trepp.
Investors continue to be bullish on commercial mortgage-backed securities deals backed by single properties or portfolios of assets.
PERE Credit tracked 115 new commercial real estate loans totaling $14.96bn in May and June.