Home Construction

construction

The firm recently expanded in the Pacific Northwest, hiring Blake Rodgers to head its new Seattle office. 
The firm last month originated a $204m construction loan for a partnership that includes Medistar Corporation and CBRE Investment Management.  
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 private equity manager this month made its first acquisition in Orlando.
An office to life sciences conversion could be a new lease on life for an old property, but lenders need to take into consideration the underlying risks associated with the tenants leasing the space. 
Newmark arranged the loan on behalf of GFP Real Estate for the construction of a new office space for the Legal Aid Society.
Parkview Financial funded a $207m loan to acquire and redevelop the property.
Development
Rising construction costs are reshaping how commercial real estate lenders are planning for uncertainty in loan underwriting.
The EB-5 regional center program allows foreign investors to obtain US visas through investment in real estate projects that bring jobs. It was renewed in March, yet many say its renewal shouldn't be necessary.
Opportunities in multifamily, healthcare and new development create more potential in capital stack.
pcredit
pcredit

Copyright PEI Media

Not for publication, email or dissemination