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refinancing
The structure is becoming the place more lenders want to be in the capital stack.
Criterion Group and Columbia Pacific Advisors will use the funding for a portfolio of last-mile logistics centers across 9 states.
The Dallas-based manager’s latest whitepaper highlights the banking pullback and the perception of the US office sector as areas in need of a deeper dive.
Balloon loans originated 10 years ago on small and mid-market properties are facing near-term maturity dates.
Northwestern Mutual funded the loan.
Goldman Sachs, US Bank, Franklin BSP executives anticipate more stress and higher debt costs.
The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.
MetLife, PacLife and Bank ABC were also part of the syndicate for the SL Green-owned property.
The New York company also sees a longer road to recovery for the city's CRE market.
Paradigm Advisory Group, formed by Raymond Chalme and Daniel Blanco, aims to help lenders and borrowers stabilize the value of New York’s office and residential assets.