debt

One lesson learned from the global financial crisis was that there needs to be a strict chain of control over cash management accounts.

The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.

The Boston-based manager still sees difficulty lining up debt for most projects. 

MetLife, PacLife and Bank ABC were also part of the syndicate for the SL Green-owned property.

New York Life Insurance Company and MetLife Investment Management funded the loan. 

The New York-based lender has added exposure in Honolulu’s Ala Moana submarket with one of the largest deals signed so far in 2023.

The platform aims to provide senior debt solutions for borrowers focusing on transitional properties in key growth markets.

One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.

Blackstone's president and chief operating officer considers real estate debt to be ‘an area of growth' for the firm.

Investors are paying more attention to secular changes, including energy cost volatility and moves toward ESG.