banks

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. 

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle. 

Yarbrough said he believes the market is coming closer to bottoming out and this creates strong investment opportunities

JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

The optimism comes as the commercial real estate debt markets gear up for an estimated $930bn of refinancing.

As banks seek to address commercial real estate exposure, alternative lenders are stepping in to acquire or help restructure loans.

The firm is not planning to join the ranks of investors who are seeking short-term lending solutions.