offices

The index was at 23.71% in July, compared with 23.25% in June and 22.91 percent in May.

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.

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.  

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

The consortium of borrowers includes German institutional investors, developer SHVO and Deutsche Finance America.

The duo extend debt for four years on the office asset amid sector volatility.

The firm is targeting more RIA and family office allocations to continue investment momentum.

The live-work development’s funding includes a $155.5m C-PACE component.

Sponsors Lloyd Goldman and David Werner see the potential to convert the building at 100 Wall Street into a residential property. 

The need for income means real estate private credit is becoming an indispensable allocation for investors.