As regulations and volatile market conditions hamper the traditional mainstays of the lending world, fast-moving unregulated lenders are in a position to cherry pick the best deals. Al Barbarino meets with Stuart Boesky and his team at Pembrook Capital Management to discuss the new environment.
The multifamily investor, in partnership with MSD Capital, secured the financing on its acquisition of a 1,004-unit apartment portfolio in suburban Baltimore, Maryland, Real Estate Capital has learned.
The US CMBS delinquency rate inched up a single basis point in April to 4.23 percent following a 7 bps jump in March.
Apollo Commercial Real Estate Finance (ARI) reported $328 million in new debt investments for the first quarter of the year.
Real estate investment trust Gramercy Property Trust announced the acquisition of a 12-building portfolio of industrial facilities for $115.2 million, assuming about $46 million in debt.
Ratings agencies and industry research firms continue to flag the impacts that a mounting wave of retail store closings could have on retail CMBS deals in the US.
TD Bank announced this week that its Commercial Real Estate (CRE) Group closed more than 300 financing transactions totaling $5.1 billion in 2015.
A Tel Aviv judge has ruled that the investors tied to an Israeli bond issued by Canadian developer Urbancorp are entitled to “immediate repayment” of nearly $48 million (180 million shekels).
Scott Nuttall, head of KKR’s Global Capital and Asset Management Group, indicated during a Q1 conference call this week that the firm is looking at outside sources of capital to boost investment power after seeding its first real estate credit fund with internal funds.
The payoff rate for maturing US CMBS loans hit its highest level in 14 months this March, but Morningstar says it could decline dramatically by 2017 due to high loan-to-values on loans that have yet to mature.