borrowers

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.

Newmark arranges debt for 50-asset portfolio in burgeoning lending niche.

A slowdown in lending activity has stalled an extremely active year for the multifamily specialist.

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.

Dekel brought in UBS to fund the loan after a previous lender was unable to finance the acquisition for sponsor DB Capital. 

The lender funded the loan on behalf of Extell Development, with additional financing from Rexmark and Pacific Western Bank. 

The company closed on an $11.5 million loan commitment for a Brooklyn multifamily development after sponsors locked in pricing over the summer.

It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.