Debt

Analysis: Federal Reserve keeps rates stable, but no near-term end seen to market stasis

Transaction volumes will stay subdued until bank lending standards begin to ease.

Looming maturity wall gives rise to new ‘blend and extend’ strategy 

Blend and extend is the latest iteration of the ‘extend and pretend’ strategy frequently seen in the wake of the Global Financial Crisis.

PGIM Real Estate reconfigures leadership following alts business launch

Cathy Marcus and Raimondo Amabile will become co-CEOs of the New Jersey-based manager in October.

Borrower view: S2 Capital sees surge in multifamily deal flow 

The Dallas-based manager is still struggling with pricing on the properties which come across its desk.

AEW revises debt funding gap forecast to €93bn

The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.

Distress will be felt beyond ‘the epicenter of the earthquake’

KKR global real estate head Ralph Rosenberg expects capital constraints to also cause pain for owners outside of the office sector.

Fidelity Bancorp launches construction lending platform

The alternative lender has hired John Omori from Bank of Hope to spearhead the initiative, which will focus on smaller, local builders in the multifamily sector.

Borrower profile: BH Properties builds multifamily platform to diversify opportunistic, debt portfolio

The firm is using this strategy as a yield play to mitigate against its bigger bets in the office and retail space.

Construction lending sees green shoots

Recent financing for ground-up developments include a $750m loan funded by Otera Capital for the first phase of Tishman Speyer’s Harvard University Enterprise Research Campus.