The New York-based manager believes lenders will be receptive to financing new deals and rehabs in the fast-growing sector.
Colliers arranged the financing on behalf of the borrower, North River Leerink.
US Bank announces mid-market focused lending team; Affiliate title PERE publishes inaugural list of the top 200 private real estate firms; Pembrook Capital Management brings on a new managing director; and more in today’s Term Sheet – exclusively for our valued subscribers.
The deal backs 3650’s forecast that there will be long-term demand for short-occupancy rental units in South Florida.
The manager argued that property debt can provide investors with clear risk-adjusted value, despite enhanced lending market risk, in a new paper.
Los Angeles Callodine affiliate manager targets recession-resilient sectors including logistics and storage, but is also not afraid of steering away from the herd.
Ex-Cedar Realty Trust pro looks for new borrowing opportunities in urban and suburban underserved locales.
The New York-based bank is at helm of a 3 Times Square lending consortium following its One Times Square deal.
The near-term impact of higher rates is already being felt in the US CMBS market.
First Republic’s Gaye Erkan to succeed founder Steve Rosenberg.