Debt

Basis poised to grow multifamily lending via Fannie Mae DUS designation

The firm is the first African American- and women-owned lender to obtain a DUS designation.

JLL arranges $290m Philadelphia life sciences construction loan

Corebridge Financial funded the loan, with The Baupost Group providing additional equity.

Multifamily lending sees steep drop in volume 

The reasons behind the drop are easy to understand: a combination of lower transaction volume, higher interest rates and the steepest inflation in 40 years.

Barings anticipates refinancing, construction lending uptick in 2023

The firm’s head of real estate debt portfolio management says that sidelined banks are shifting the paradigm for active lenders.

Lenders launch bespoke lending programs to tackle funding gaps 

Red Oak Capital, Pensam and Tower Capital are among the managers rolling out or expanding customizable programs.

Lending: Rising rates push borrowers toward debt assumptions

More commercial real estate borrowers are taking a different tack in trying to manage rising interest rates, looking at the potential for assuming seasoned, in-place debt as an alternative to obtaining new financing when making acquisitions.

3650 REIT originates $76.5m Florida multifamily construction loan 

The financing was arranged on behalf of Royal Palm Companies, with a loan term of 36 months.

Morgan Stanley, Barclays launch Blackstone-backed $645m CMBS deal

The loan is backed by properties with diverse locations and tenants.

Canyon Partners’ Potts: Finding order in volatile markets

Robin Potts, co-head of real estate investments at Canyon Partners, talks with Real Estate Capital USA about navigating a period of historic volatility.

KBRA sees steep drop in CMBS, commercial real estate CLO issuance in 2023

Despite headwinds around CMBS issuance, downgrade risks are not severe.