debt

The Philadelphia-based investment company is working with Historically Black Colleges and Universities to capitalize and development workforce developments.

The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.

In a newly published white paper, the New York-based advisory company cites the costs of scaling lending platforms, the impact of more complex capital structures, and a rise in specially serviced loans. 

The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.

CPP Investments was second, with $1.24bn allocated.

In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.  

Timothy Sloan, head of commercial real estate debt at Fortress Investment Group, says the firm sees the strongest long-term outlook for senior loans. But in today’s market, its history as a distressed investor will still be critical.

Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.

The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.

The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.