borrowers

About a quarter of the New York-based private investment platform is focused on the real estate sector. 

The speculative Somerville, Massachusetts development is scheduled for completion in 2024.

There is largely a sense the commercial real estate debt markets are in a better position today to weather a possible storm than in the run-up to the global financial crisis.

The firm last month originated a $204m construction loan for a partnership that includes Medistar Corporation and CBRE Investment Management.  

The manager is bullish about the sector, despite market headwinds.  

A Wells Fargo-led consortium provided a loan to upgrade the office of The Legal Aid Society.

The deal signifies continued resilience in the hospitality sector, according to co-founder Elliot Eichner.

The manager is observing more hesitation from lenders, which ultimately will have an impact on transaction activity. 

The loan, part of Real Estate Capital USA's weekly lending data report, will allow sponsors to both acquire the real estate and then move ahead with ground-up construction.

The latest 75-basis-point installment has brought a further pause on less-than-great deals.