The lender funded the loan on behalf of Extell Development, with additional financing from Rexmark and Pacific Western Bank.
2 min read · 31 October 2022
The company closed on an $11.5 million loan commitment for a Brooklyn multifamily development after sponsors locked in pricing over the summer.
2 min read · 31 October 2022
It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.
3 min read · 31 October 2022
The developer is seeing the impact of the expiration of the 421a tax abatement program.
4 min read · 26 October 2022
The firm is seeking situations in which it can provide rescue equity or make other investments is an extension of the firm’s existing business.
3 min read · 24 October 2022
It is getting harder for New York’s mid-market office owners with maturing debt to line up new loans.
5 min read · 20 October 2022
Even with a more predictable lending environment, CARROLL is still expecting to see a disconnect between buyers and sellers – partly driven by the availability of debt and rates – through the end of the year.
3 min read · 18 October 2022
Santa Monica advisory provides pref equity on local loan package atop $127m senior loan.
2 min read · 12 October 2022
Rising mortgage rates and housing prices, along with new household formation, has meant demand for affordable rental housing has surged.
5 min read · 10 October 2022
Sectors such as cold storage and pharmaceutical warehouses are seeing an uptick in demand.
4 min read · 04 October 2022
