Multifamily Housing

Borrower view: Pinnacle Housing sees financing gaps widen for affordable deals

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

iBorrow’s Good sees shift toward acquisition loans as market starts to unlock

The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.

A&E set to scale its debt platform

The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.

Goldman, Wells Fargo lead $560m CMBS refi of Ares-backed resi tower

The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.

Full spectrum portfolio: Why debt is a must-have for investors

The need for income means real estate private credit is becoming an indispensable allocation for investors.

Forum Investment’s Fisk: multifamily sector increasingly sees DSCR constraints

The metrics of underwriting an apartment property have changed substantially since the start of the covid-19 pandemic.

AllianceBernstein’s Gordon on taking a contrarian risk in the office sector 

When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.

Barings, Counterpointe fund $165m mixed-use construction package 

The financing, which comprises a construction loan and C-PACE financing, will be used to develop the second phase of a mixed-use project in Darien, Connecticut.

Onni Group secures $1bn financing package for apartment portfolio 

The Canadian developer received financing for its properties across Chicago and Los Angeles.

Borrower view: CP Capital looks past multifamily dislocation for development opportunities

A factor to consider when looking at the US multifamily market is an eventual decline in interest rates.