It is rare for balance-sheet lenders to agree to forward commit to a project of this size given the market rate component of it.
Market is expected to start slowly this year due to higher interest rates and volatility, but should accelerate once pricing certainty returns.
Anuj Gupta, who joined Boise-based commercial real estate lender A10 Capital in October as its new chief executive officer, sees potential for significant growth for the company in 2023.
Founder and CEO Patrick Carroll sees opportunities arising from capital market dislocation to provide preferred equity in multifamily transactions.
Brookfield will transfer outstanding CMBS debt to the JV with the deal.
Lending market weighs the long-term effect of this week’s 25bps rate increase.
The polls will close at midnight on Friday, February 10, 2023 and the results will be revealed in April.
Subdued levels of new retail supply over the past decade means lenders have one eye on the sector – and one eye on a potential recession.
C-PACE financing continues to gain prominence at a time when capital stacks are finding more difficulty achieving their desired funding status.
Putting the deal together was like a jigsaw puzzle, says Triangle Equities.