banks

Robert Neighoff, a portfolio manager at Mariner Investment Group, is tracking opportunity in new issue conduit and SASB paper.

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.

While debt funds have stepped in to fill the void to a certain extent as banks have scaled back, these lenders are also seeing a negative impact of a higher for longer interest rate outlook.

The New York-based sponsor defaulted on a $70m CMBS loan on 25 West 45th Street, a historic office building near Grand Central. 

The manager has acquired performing loans from the German bank in a landmark transaction.

The refinancing came as a package of senior loan and mezzanine debt.

The SASB CMBS deal was sponsored by a Tishman Hotel & Realty and MetLife IM joint venture.

The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio. 

The Paris-based bank is seeking to increase financing options for alternative lenders.