borrowers

Global real estate boss Robert Rackind will be departing the Swiss bank within a month following its merger with UBS.

Commercial real estate sponsors and lenders are looking at the language around transitioning derivatives contracts tied to the benchmark.

A key driver of activity in the multifamily sector is support from Fannie Mae and Freddie Mac for stabilized and pre-stabilized assets.

Carlos Slim’s Banco Inbursa funded the senior mortgage.

The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.

Lone Star founder John Grayken sees a limited window for distressed investing while most people wait for private real estate market conditions to settle. He discusses it with Jonathan Brasse.

Greystone arranged the financing package for 1057 Atlantic Avenue.

The transaction comes as Fortress is gearing up to expand its wealth management business.

The financing funds the first phase of Sterling Bay and Harrison Street’s collaborative $650m project. 

The US hotel sector is largely defying expectations as the country emerges from the pandemic, but it continues to be a bifurcated market, Rob Murray writes