Debt

The firm has just closed a $7.25m senior bridge loan on a San Francisco property.

Though the firm is worried about the impact of rising construction costs.

The lender is financing LendLease and Aware Super’s development on a downtown apartment tower.

The launch of SCH Trading comes after the company sold its commercial real estate lending business to Regions Bank last month.

The US manager now invests more than $150bn on behalf of insurance companies.

Berkadia, which arranged the financing, wants to carve out a niche in the sector.

Underwriting loans in the sector could become more difficult if wages aren’t commensurate with rent increases.

Commercial mortgage servicers are finding it tough to attract and retain staff.

Executing an effective carbon reduction plan will be a critical component to maintaining value for institutional landlords going forward.

The BlackRock vehicle is the only passively managed dedicated CMBS ETF.