Bank Financial Services

Waterton closes $1.7bn multifamily fund with credit angle

The Chicago-based firm joins a growing list of managers targeting distress.

Analysis: Surprise 50 basis point rate cut sets more stable course

The Federal Reserve’s decision to cut interest rates by 50 basis points is not expected to have a significant impact on commercial real estate lending and borrowing.

Analysis: Hersha privatization, lower rates foreshadow rise in REIT M&A activity 

An expected 25-basis point rate cut at the Federal Reserve’s next meeting will be pivotal as private equity funds seek to deploy dry powder.

KKR identifies potential $300bn credit gap as banks scale back lending 

Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week.

BKM Capital: Industrial assets escape interest rate scourge

While prices and the availability of financing have fallen as interest rates remain high, the industrial sector is on a different trajectory, BKM Capital Partners said in a white paper released this week.

Affinius, Bank OZK fund $135m SoCal industrial development

The loan will be used by DECA and Wildcat joint venture to build Perris Gateway.

Slate, Fundamental tap JPMorgan for $210m NYC affordable housing refi

JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.

DWS’s Henderson sees end of real estate capital markets recession

Todd Henderson, co-global head of real estate at New York-based manager DWS, believes interest rates will be range-bound in the coming months.

Powell signals long-anticipated interest rate cut

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

Trimont strikes deal for Wells Fargo’s non-agency servicing business

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.