Capital Markets

The banking giant’s CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

Reven Office REIT will originate first mortgages, mezzanine debt and preferred equity investments.

The $308m loan is expected to be sold for a 50% discount.

Non-bank lenders signal strong appetite to capture market share at the industry group’s annual conference in Miami.

London-based manager to expand platform via a joint venture with Quadrant Real Estate Advisors.

The financings come at a time when few lenders have been funding construction loans.

As the multifamily sector has evolved into a number of distinct subsectors, lenders and investors are taking a new look at where value lies in the capital stack – and which asset classes are set to outperform.

The Vancouver-based real estate investment management company this month named John Creswell to head capital raising as it seeks to expand its lending and investment base.

The firm anticipates opportunities on the debt and equity side as the commercial real estate market moves closer to a reboot.

The New York-based multifamily investor has been looking selectively at deals, but believes rates are too high to move ahead with transactions.