Home Debt
debt
Class A bond holders in New York’s Palisades Center have taken a 30% loss in a rare case in the CMBS SASB market.
Madison Realty is confident in the long-term prospects for the industrial sector.
Prior to joining Fidelity, Hughes headed Marcus & Millichap’s capital and launched and ran its debt platform.
The loan will also be used to renovate and rebrand the property amid a global hotel brand’s relaunch.Â
The firm has hired Timmy Davis, the former US Ambassador to Qatar, as a senior advisor as it seeks to grow its investor base and originations.
The firm has originated $1bn in commercial real estate loans this year.
The funding will be used alongside $148m in financing from Farallon Capital Management to build a pair of film production assets.
The locally based investment management company has already committed that amount to high-quality office properties in the city.
The funding will be used by Maxal Group to build the first phase of a $1bn mixed-use project in Edgewater, which includes a 25-story, 381-unit luxury apartment tower.
Real estate debt investing is evolving to tackle market pressures and challenges, say Kayne Anderson’s Albert Rabil and Lee Levy.