banks

The asset class remains difficult to finance but leasing and visitation levels are slowly rising.

A higher for longer interest rate environment, a shift toward onshoring and the impact of climate change will all affect the way lenders need to assess risk going forward.  

The Vancouver-based real estate investment management company this month named John Creswell to head capital raising as it seeks to expand its lending and investment base.

The firm anticipates opportunities on the debt and equity side as the commercial real estate market moves closer to a reboot.

Brookfield raises concerns about Signature Bank loan portfolio sale; US Congress proposes legislation to boost workforce housing creation; lenders say the clock is ticking for borrowers with near-term maturities; and more in today’s Term Sheet, exclusively for our valued subscribers.

While the change in sponsor attitude has not yet been reflected in transaction volume, market participants are pointing to anecdotal situations over the past 30 to 60 days which shed light on the shift.

Related Companies and Blackstone are among reported bidders for the failed bank’s commercial and multifamily lending portfolios.

The New York-based rating agency is also forecasting a rebound in commercial mortgage-backed securities issuance in 2024.

Newmark’s Jimmy Kuhn and Fried Frank’s Jon Mechanic say developers need support to convert obsolete properties.