North America

Barings, Bank OZK fund $385m construction financing for Brooklyn multifamily project

Barings is providing $75m in mezzanine financing for the development of 470 Kent Street.

Lenders anticipate nominal adjustments with reduced FHFA caps 

PGIM Real Estate, Regions Bank pros say 2023’s $6bn total rate cap reduction will be inconsequential.

Deutsche Pfandbriefbank originates$150m loan to finance Midtown office tower

Newmark arranged the deal for Tribeca Investment Group, PGIM Real Estate and Meadow Partners.

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.

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.