refinancing

Joint venture secures trio of loans to refinance Essex Crossing live-work-play assets.

The short-term yield curve inversion has led to a more cautious outlook for lenders and borrowers alike.

A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.

Rent compromises, amenities are keeping occupancy afloat with room for mezz opportunities.

Martin McGann, finance director of the UK logistics REIT, says the company’s latest financing diversifies its funding sources and provides long-dated capital.