debt

The lender funded the loan on behalf of Extell Development, with additional financing from Rexmark and Pacific Western Bank. 

The company closed on an $11.5 million loan commitment for a Brooklyn multifamily development after sponsors locked in pricing over the summer.

It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.

Higher interest rates are making it more difficult for sponsors to exit properties and refinance debt.

Aegon AM analysis shows cycle peak possibly achieved amid market uncertainty.

The firm is seeking situations in which it can provide rescue equity or make other investments is an extension of the firm’s existing business.

Rising interest rates across global markets are having a cooling effect on the volume of assets changing hands and causing a lack of clarity over valuations.

Pricing is expected to reset as interest rates rise over the next 12-24 months.  

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.