A 25 basis point increase would be a rise in the Federal Funds target rate from its current level of 4.75-5% to 5-5.25%.
One lesson learned from the global financial crisis was that there needs to be a strict chain of control over cash management accounts.
The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.
The Boston-based manager still sees difficulty lining up debt for most projects.
MetLife, PacLife and Bank ABC were also part of the syndicate for the SL Green-owned property.
New York Life Insurance Company and MetLife Investment Management funded the loan.
The platform aims to provide senior debt solutions for borrowers focusing on transitional properties in key growth markets.
One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.
Berkadia on tap as originator as California manager targets mixed income and other affordable housing asset types.
Blackstone's president and chief operating officer considers real estate debt to be ‘an area of growth' for the firm.