Home Borrowers
borrowers
The firm hired Ashleigh Simpson, who rejoins Grosvenor from MetLife Investment Management, to spearhead growth for the development financing platform.
The data-driven manager sees mid-market, last-mile warehouses as a once and future investment strategy.
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.
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.
Disruption is impacting warehouse lenders’ ability to originate loans and hit targets.
Borrowers are wary of locking in long-term fixed-rate financing due to concerns about the impact of rising interest rates.
The sponsor locked in a $160m loan from Progress Capital just before the Federal Reserve raised rates by 75 basis points last week.
Much of a mixed-use property’s success comes down to where it is and if its retail component is in an up-and-coming shopping area.