The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.
2 min read · 13 June 2023
The financings will be used for projects in Miami and Brooklyn.
2 min read · 13 June 2023
Mezzanine debt lenders are seeing rising interest from senior lenders and sponsors to bridge the financing gaps for new and existing loans.
5 min read · 13 June 2023
The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.
3 min read · 09 June 2023
The firm is using a tech-driven platform that allows it to more easily control how and when borrowers access capital.
3 min read · 09 June 2023
Carlos Slim’s Banco Inbursa funded the senior mortgage.
2 min read · 09 June 2023
The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.
3 min read · 09 June 2023
Kennedy-Wilson offloads majority stake in PacWest construction loans to Fairfax Financial in a notably quick flip; Real Estate Capital USA publishes its second annual Debt Fund 40 ranking; Park Hotel & Resorts REIT halts payments on $725 million CMBS loan tied to San Francisco hotels; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 08 June 2023
The firm retained some pre-payment flexibility.
2 min read · 08 June 2023
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