Debt

Loan profile: Dekel arranges $45.1m Las Vegas acquisition loan via UBS  

Dekel brought in UBS to fund the loan after a previous lender was unable to finance the acquisition for sponsor DB Capital.

HGI provides $90m senior mezz loan for New York medical office development

The lender funded the loan on behalf of Extell Development, with additional financing from Rexmark and Pacific Western Bank.

Barings commits to new affordable housing financing as sponsors weigh rate locks

The company closed on an $11.5 million loan commitment for a Brooklyn multifamily development after sponsors locked in pricing over the summer.

Avison Young’s Singer on pulling the refinancing trigger

It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.

Taurus sees opportunity to step up with capital solutions as de-leveraging picks up steam

Higher interest rates are making it more difficult for sponsors to exit properties and refinance debt.

Aegon report sees real estate lending momentum in limbo after strong first half of 2022

Aegon AM analysis shows cycle peak possibly achieved amid market uncertainty.

Borrower focus: Canvas Properties sees volatile market as a place to fill the funding gap

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.

LaSalle’s Klinksiek on cooling values, expanding yields and rising rates

Rising interest rates across global markets are having a cooling effect on the volume of assets changing hands and causing a lack of clarity over valuations.

How the expected funding gap is changing the way managers look at debt 

Pricing is expected to reset as interest rates rise over the next 12-24 months.

New York office owners brace for difficult refinancing enviornment

It is getting harder for New York’s mid-market office owners with maturing debt to line up new loans.