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mixed-use asset
Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.
The duo extend debt for four years on the office asset amid sector volatility.
Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.
Mixed-use properties and public-private partnerships are also new structures that market participants are eyeing.
London Bay will use the funding for the first phase of a Ritz-Carlton development in Bonita Springs.
Greystone-arranged financing will help build submarket’s tallest multifamily asset.
Washington, DC, shopping mall will be redeveloped into mixed-use asset with 320 apartment units.
The financings will be used for projects in Miami and Brooklyn.
JLL arranged the financing for Five Star Development to finish the $2bn project development.
The borrower in the deal is American Lions, a joint venture between Fetner Properties and the Lions Group.