An expected 25-basis point rate cut at the Federal Reserve’s next meeting will be pivotal as private equity funds seek to deploy dry powder.
The Dallas-based private equity real estate firm cites investor liquidity issues and a keenness to get deploying for the $2.7bn final closing for LSREF VII, less than half its initially reported $6bn target.
The New York-based investment manager will buy whole loans and performing- and non-performing notes, and provide additional financing through the fund.
Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week.
Finance industry veteran Diana Reid takes on top role at Freddie Mac; Sidelined bank lenders may have more reason to increase lending with the Federal Reserve scaling back Basel III proposals; TYKO Capital has more Miami ambitions with $527 million financing on tap for Related and Integra’s latest condo construction plans; and more in today’s Term Sheet, exclusively for our valued subscribers.
While prices and the availability of financing have fallen as interest rates remain high, the industrial sector is on a different trajectory, BKM Capital Partners said in a white paper released this week.
The rise in prominence of C-PACE financing is on full display for a Los Angeles mixed-use project with $315.5 million of funding from Barings and Counterpointe; Mesa West Capital has growth ambitions under Ronnie Gul and Raphael Fishbach’s leadership; an iconic California mall is headed ‘Back to the Future’ with fresh financing from Hankey Capital on tap for its redevelopment; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Miami-based alternative lender anticipates a rise in distressed transactions – but in a way that is very different than in past cycles.
The Federal Reserve signaled an inbound interest rate cut at its next meeting that would alleviate some pressure on US commercial real estate markets; Barry Sternlicht’s Starwood bets big on Brooklyn office space with a $301 million refinancing for Tishman Speyer; Nuveen Green Capital assembles a $190 million C-PACE financing package to supercharge Nevada hotel; and more in today’s Term Sheet, exclusively for our valued subscribers.
Trimont climbs to the top of the loan servicer ranks with acquisition of Wells Fargo’s non-agency servicing business; Mezzanine financing momentum receives a boost with $185 million first close for new Pearlmark fund; Chatham eyes North Carolina for advisory expansion and taps former Brookfield professional to lead Charlotte office; and more in today’s Term Sheet, exclusively for our valued subscribers.