debt

It is getting harder for New York’s mid-market office owners with maturing debt to line up new loans.

The manager is looking across sectors and deal types for new business activity.

The problem around securing interest rate caps at manageable prices is one factor affecting transaction volume in the US commercial real estate property markets.

The program was rebooted earlier this year to raise the minimum threshold for investment. 

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.

AFIRE survey shows reuse, redevelopment top of mind as market turbulence looms.

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