It is part of a $138.7m financing package for Grand Heritage Hotel Group.
Last year’s strong performance stemmed from a faster than expected recovery from the covid-19 pandemic, according to the firm's head of US real estate investment trust and commercial real estate debt research.
The portfolio lender is addressing needs of borrowers looking to unlock equity in assets owned for lengthy time periods and those using preferred equity to up leverage on bigger portfolio acquisitions.
Real time analysis coming into its own, rising liquidity premiums for niche sectors and Fed rate hikes are expected to drive US commercial real estate debt markets this year.
Movie studio space, long a niche in the US commercial real estate market, is getting ready for its close-up in response to a boom in content consumption. But underwriting a loan in this sector presents some unique considerations.
The covid-19 pandemic has accelerated the decline of the suburban office market. Here’s how lenders and investors are working to repurpose these white elephants.
Conduit deals accounted for just 19% of private label issuance in 2021, down from 45% in 2020 and 81% a decade ago.
The $282bn firm remains focused on high-conviction sectors.
The REIT is asking what the staying power is for borrowers and lenders in this position.
The managers are partnering to upgrade Eastchester Heights, a rent-stabilized property that is one of the largest residential communities in the Bronx.