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The advisory sees a situation in which interest rates and cap rates are moving together.
A surprise Federal Reserve rate hike and subsequent rhetoric from the country’s central bank threatens to slow down a red-hot market.
The US-based mortgage REIT has formed a joint venture with London-based Starz Real Estate to provide property loans.
The firm hired Ashleigh Simpson, who rejoins Grosvenor from MetLife Investment Management, to spearhead growth for the development financing platform.
Colliers arranged the financing on behalf of the borrower, North River Leerink.
The deal backs 3650’s forecast that there will be long-term demand for short-occupancy rental units in South Florida.
The manager argued that property debt can provide investors with clear risk-adjusted value, despite enhanced lending market risk, in a new paper.
Borrowers are wary of locking in long-term fixed-rate financing due to concerns about the impact of rising interest rates.
The sponsor locked in a $160m loan from Progress Capital just before the Federal Reserve raised rates by 75 basis points last week.
Much of a mixed-use property’s success comes down to where it is and if its retail component is in an up-and-coming shopping area.