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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.

Newmark arranged the deal for Tribeca Investment Group, PGIM Real Estate and Meadow Partners.

Despite the slowdown in the lending market, the firm this month obtained a $36m loan for a Maine multifamily development. 

Panelists at CREFC Europe’s London conference said uncertainty around interest rates and property values is making debt transactions difficult to underwrite.

Jones Street Investment Partners secured individual loans from Key Bank, Bangor Savings Bank and Berkshire Bank. 

Newmark arranges debt for 50-asset portfolio in burgeoning lending niche.

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.

The $424m deal is comprised of 11 multifamily bridge loans from the ACRE Credit I lending platform.

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.