capital markets

The financing was arranged by Lotus Capital Partners on behalf of the sponsors, Miami-based manager Gencom and New York-based Mohari Hospitality.

The market will have to adjust to negative leverage by either having cap rates go up or investors willing to take a lower return.

Two metrics are better than one, with market participants telling us DSCR is being commonly used alongside debt yield in evaluating lending opportunities.  

The firm continues to have good access to financing, albeit more expensive levels than in the past.

Rising mortgage rates and housing prices, along with new household formation, has meant demand for affordable rental housing has surged.

RSM, Deloitte, Duval & Stachenfeld pros detail lending conditions and cautions moving into Q4.

The firm is looking at opportunities in out-of-favor asset classes, with plans to deploy as much as $400m. 

Over the past 12 months, the firm has transacted on about $500m of acquisitions, evenly split between office and multifamily.

The firm recently arranged a $230m refinancing for a Lower Manhattan residential tower.

The financial services company wants to bolster its business in this part of the market.