The firm accesses tax credits and other forms of financing for its multifamily-focused investments and developments in underserved communities.
4 min read · 29 February 2024
The wave of senior executive shake-ups seen so far this year continues as Blackstone’s head of structured finance, Jonathan Pollack, leaves the firm, with plans to join Barry Sternlicht’s Starwood Capital next year; Former Silverstein Properties chief executive Marty Burger outlines plans to build a debt platform as well as pursue office-to-residential conversion opportunities via his new firm, Infinity Global Real Estate Partners; Maverick Real Estate Partners buys a $247 million slice of the Signature Bank loan portfolio acquired last year by a Blackstone-led joint venture; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 29 February 2024
The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.
3 min read · 28 February 2024
Jonathan Pollack, who will officially come on board at Starwood in 2025, will join the firm at a time when alternative lenders are expected to be able to significantly increase their market share.
2 min read · 27 February 2024
Market participants see increased competition for institutional-quality assets as private credit lenders look to increase their niche exposure.
7 min read · 26 February 2024
Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.
2 min read · 23 February 2024
The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.
7 min read · 23 February 2024
Arbor Realty Trust shows US regional banks are not the only lenders facing increased scrutiny after logging higher-than-expected loan delinquencies and borrower troubles; Greystone Commercial Capital catches a wave on Miami’s lending momentum with $419.6 million refinancing deal for Florida East Coast Realty’s Panorama Tower; Starwood Capital and Artisan Ventures run into more Los Angeles office troubles with default on financing from MetLife Investment Management; and more in today’s Term Sheet, exclusively for our valued subscribers.
7 min read · 22 February 2024
Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.
2 min read · 22 February 2024
Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.
4 min read · 21 February 2024
