More sponsors are considering financing insured by the Department of Housing and Urban Development to move ahead with or refinance projects.
3 min read · 24 July 2023
The advisory also tracked a substantial number of office buildings where the debt is higher than current valuations.
3 min read · 21 July 2023
PacWest Bank’s commercial real estate team left to join Kennedy Wilson following the investment manager’s May acquisition of the bank’s construction loan portfolio; Barry Sternlicht’s Starwood defaults on $212 million loan linked to Atlanta office tower as sector’s financing headwinds persist; Morgan Stanley and Deutsche Bank launch a $515 million CMBS deal for Hawaii resort owned by Trinity and Oaktree; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 20 July 2023
A key theme the REIT is following is a migration of people leaving cities for the suburbs.
5 min read · 20 July 2023
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
3 min read · 19 July 2023
The firm originated a $57m cash-neutral refinancing loan earlier this month for a Charlotte apartment property.
3 min read · 19 July 2023
Sponsors Trinity Investments and Oaktree Capital management obtained the loan to refinance existing debt.
2 min read · 18 July 2023
The Florida-based private equity manager is looking to pick up market share left in bank lenders’ absence.
2 min read · 14 July 2023
Former PacWest division will focus on non-recourse bridge and construction financing following move.
2 min read · 14 July 2023
The US Federal Reserve plans to create more stringent bank regulations; KKR’s Ralph Rosenberg dives into the manager’s focus on distressed assets in still-favorable sectors; San Francisco’s real estate market has cause for optimism heading into future quarters; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 13 July 2023
