allocation strategy

The Boston-based manager believes there will be an opportunity to fill gaps in the capital stack in 2023.

The metrics from first three quarters of the year tell a different story than the past few weeks

There is a chance for well-capitalized companies which see opportunities to allocate to rescue capital for short-term investment opportunities. 

The denominator effect is causing notable instances of overexposure to property, according to the latest Allocations Monitor released this week by Hodes Weill and Cornell University’s Baker Program in Real Estate.

The New York-based firm is targeting $1bn-$2bn in originations in the region next year amid a 'super-interesting time' for non-bank lenders.

Dekel brought in UBS to fund the loan after a previous lender was unable to finance the acquisition for sponsor DB Capital. 

The lender funded the loan on behalf of Extell Development, with additional financing from Rexmark and Pacific Western Bank. 

The company closed on an $11.5 million loan commitment for a Brooklyn multifamily development after sponsors locked in pricing over the summer.

It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.

Higher interest rates are making it more difficult for sponsors to exit properties and refinance debt.