borrowers

Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.

Barings is providing $75m in mezzanine financing for the development of 470 Kent Street.

 PGIM Real Estate, Regions Bank pros say 2023’s $6bn total rate cap reduction will be inconsequential.

The denominator effect is causing notable instances of overexposure to property, according to the latest Allocations Monitor released this week by Hodes Weill and Cornell University’s Baker Program in Real Estate.

Newmark arranged the deal for Tribeca Investment Group, PGIM Real Estate and Meadow Partners.

The Houston-based firm recently refinanced debt on a $50m multifamily project. 

Despite the slowdown in the lending market, the firm this month obtained a $36m loan for a Maine multifamily development. 

Panelists at CREFC Europe’s London conference said uncertainty around interest rates and property values is making debt transactions difficult to underwrite.

Jones Street Investment Partners secured individual loans from Key Bank, Bangor Savings Bank and Berkshire Bank. 

Fannie, Freddie volume caps reduced from $78bn to $75bn.