Shihao Feng
The joint venture secured a $750m floating-rate CMBS deal backed by a pair of luxury Florida resort properties.
The firm cited concerns over the workouts of New York’s 1740 Broadway, which has seen its servicer replaced twice since entering special servicing.
The decline in commercial mortgage-backed securities volume tracks a larger dip in transaction volume.
Commercial real estate lenders are increasingly concerned about the impact that rising insurance costs.
Commercial real estate borrowers are turning toward alternative lenders as banks continue to scale back their activity.
Landmark Properties is seeing a diverse and growing lender pool for the properties in its student housing pipeline.
Petosa’s industry experience and client relationships will help Mount Street to expand business in the States.
The city is starting to see transaction activity, which is helping to set a floor for valuations.
The property is the latest Los Angeles office building to experience severe headwinds.
Despite a small chance of default, the market is working through potential scenarios.