News Analysis

Borrower profile: Three Pillars talks squeamish lenders, rate caps dilemma  

The Houston-based firm recently refinanced debt on a $50m multifamily project.

Borrower profile: Jones Street eyes loan assumptions as lending market stalls 

Despite the slowdown in the lending market, the firm this month obtained a $36m loan for a Maine multifamily development.

Lending market in ‘pause period’ as participants seek clarity

Panelists at CREFC Europe’s London conference said uncertainty around interest rates and property values is making debt transactions difficult to underwrite.

Boston multifamily developer secures $180m in construction financing

Jones Street Investment Partners secured individual loans from Key Bank, Bangor Savings Bank and Berkshire Bank.

FHFA tapers 2023 multifamily loan purchase caps

Fannie, Freddie volume caps reduced from $78bn to $75bn.

Goldman backs $360m self-storage bet by Angelo Gordon and Andover Properties

Newmark arranges debt for 50-asset portfolio in burgeoning lending niche.

Fitch sees stressed conditions for almost 25% of 2023 CMBS, agency maturities

The report identifies a $26.5bn loan cohort maturing by the end of next year.

PGIM Real Estate provides $1bn multifamily Fannie Mae financing 

The move marks PGIM’s largest transaction of the year.

Borrower profile: Capital Square looks ahead to 2023 lending reboot  

A slowdown in lending activity has stalled an extremely active year for the multifamily specialist.

Equity Residential steams ahead with $825m debt refinancing 

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.