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JPMorgan, Nuveen, PGIM talk preservation and creation of units amid heightened market volatility.
Santa Monica advisory provides pref equity on local loan package atop $127m senior loan.
The national commercial real estate lender was part of a capital stack that includes Fannie Mae and Freddie Mac.
Rising mortgage rates and housing prices, along with new household formation, has meant demand for affordable rental housing has surged.
The multifamily sector has consistently been a stable performer, and lenders and investors think this will not change anytime soon. By Rob Murray
The manager sees the current capital markets disruption as an opportunity to hone in on increased borrower demand in markets with good relative value.
Multifamily has been resilient since the end of the GFC. But lenders are now seeing storms on the horizon for the sector
Sponsors Baron Property Group and MG Developer are planning a mixed-use, apartment property slated for completion in Q2 2024.
The bank is targeting financing for seven multifamily properties across 13 states backed by 12 banks and insurers.
The Austin manager focuses on first mortgages, B-notes, mezzanine and preferred equity in the $2m to $40m range.