mezzanine

The Real Estate Capital USA Lending Barometer tracks non-securitized senior mortgage and mezzanine and preferred equity financings across markets and sectors.

Taconic provided a mezzanine loan on the class A property.

Mezzanine debt lenders are seeing rising interest from senior lenders and sponsors to bridge the financing gaps for new and existing loans.

Co-founder Jonathan Roth expects firm to originate more gap and bridge financings in current market.

The financing is part of a larger $167.2m luxury hotel project. 

The New York company also sees a longer road to recovery for the city's CRE market.

CEO Mukang Cho says the firm will target structured debt investments in the office sector.

Mezzanine Realty Partners Fund V closed on $210 million and will focus on mid-market lending opportunities.

The tax could be up to 2.8% for New York City.

Americas CIO Alfonso Munk says redevelopment and gap financing rank highly alongside equity priorities.