Anna-Marie Beal
Negative leverage is becoming more pervasive – but it is also providing borrowers with a lifeline for a brighter day.
The Dallas-based manager’s latest whitepaper highlights the banking pullback and the perception of the US office sector as areas in need of a deeper dive.
The manager is also seeing distressed opportunities amid tightening borrowing markets.
The Boston-based manager looks to focus on this area of the market through its Taurus Capital Solutions platform.
The Boston-based manager’s head of research cites higher borrowing costs as a continued concern for the market.
Lotus, a New York-based advisory, arranged the loan on behalf of Monroe Capital and Witkoff Group.
Borrowers and lenders alike are keeping an eye on rising levels of distress, while the industry faces roughly $1.3trn of loans slated for maturity over the next three years.
The Charlotte, North Carolina manager is looking at internal value creation – especially for assets like office.
Although venture capital funding into the sector has dropped, the firm sees investment opportunities.
More sponsors are considering financing insured by the Department of Housing and Urban Development to move ahead with or refinance projects.