Anna-Marie Beal
The loan – for a Wilmington bank headquarters – carries a term of 10 years and was originated on behalf of local manager Buccini/Pollin.
The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.
The global law firm reckons conflict in Russia and political uncertainty in China is impacting the assets owned by large US real estate holding companies.
A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.
New MSCI research published this week looks at income exposure across sectors and tenant types.
The investor group wants to tap into what it believes to be stable yields as part of a broader asset allocation strategy.
Borrowers and lenders are optimistic that the sector will pick up momentum as business travel makes a comeback, but questions remain over how that will take place.
Attributing factors include heightened loan complexity and growth of the SASB market, co-heads of the firm’s Capital Markets Group tell REC USA.
National Real Estate Advisors and Joss Realty Partners have partnered on the center city development project.
As a return to normal life looms, lenders dig into financing a formerly great asset class.