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The Paris-based bank is seeking to increase financing options for alternative lenders.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
The firm's global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.
At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.
The 23-hotel CMBS financing will recapitalize properties across 10 states.
Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.
A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.
Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.
Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.
The multifamily sector continues to be a favored place for lenders and investors, buoyed by the supply-demand fundamentals.