multifamily

The New York-based lender is funding the construction of a new 477-unit, Class A rental building with ground-floor retail.

The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.

The firm sees the need to educate its investor base about the opportunities in real estate debt.

Barings is taking a measured approach as the commercial real estate market takes the first steps toward a recovery.  

BXMT borrowers will be able to use agency financing through M&T’s Fannie Mae and Freddie Mac platforms.

The financing replaces an $85m acquisition loan originated in 2022 on an ultra-luxury condominium development in the Miami area.

Although originations are substantially below pre-pandemic levels, the market could be nearing a bottom.

The New York-based manager has made more than $150m in preferred equity investments over the past five months.

Mark Roberts, head of research for Crow Holdings Capital, looks at the metrics of the multifamily sector to potentially provide insight on the Federal Reserve’s next moves. 

The bridge loan was arranged by Gortikov Capital and will be used by AMCAL to recapitalize a Woodland Hills, California, property.