Capital Markets

Borrower profile: Capital Square looks ahead to 2023 lending reboot  

A slowdown in lending activity has stalled an extremely active year for the multifamily specialist.

Equity Residential steams ahead with $825m debt refinancing 

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.

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.

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.

CMBS borrowers face $52bn near-term refinancing hurdle for loans with low DSCRs 

While borrowers are already feeling the impact of higher interest rates, the low DSCRs will present a particular problem as refinancing looms.

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.

A10 hires former Ready Capital CRE president Gupta to scale lending platform

Gupta sees the potential to expand the firm’s senior secured bridge and permanent loan business over the next two or three years.

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.