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A factor to consider when looking at the US multifamily market is an eventual decline in interest rates.
The New York-based lender is funding the construction of a new 477-unit, Class A rental building with ground-floor retail.
The Minneapolis-based manager originated the funding for a joint venture between Metro Storage and Fremont Realty Capital.
The co-architect of the Toronto-based manager’s real estate credit platform, Andrea Balkan, is departing after 22 years with the firm.
Barings is taking a measured approach as the commercial real estate market takes the first steps toward a recovery.
The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.
BXMT borrowers will be able to use agency financing through M&T’s Fannie Mae and Freddie Mac platforms.
The financing replaces an $85m acquisition loan originated in 2022 on an ultra-luxury condominium development in the Miami area.
Although originations are substantially below pre-pandemic levels, the market could be nearing a bottom.
The proposals' implementation is expected to prompt a major expansion in private credit providers’ lending platforms.