Randy Plavajka
New York manager originated $160m and $59m loans for multifamily properties in Jersey City.
New York City industrial development agency tax incentives rounded out the financing on East End Studios campus.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
Former PacWest division will focus on non-recourse bridge and construction financing following move.
The strategy arrives as the firm sees more industrial, construction and multifamily opportunities.
Greystone-arranged financing will help build submarket’s tallest multifamily asset.
The deal is the largest year-to-date construction loan originated in the US.
Washington, DC, shopping mall will be redeveloped into mixed-use asset with 320 apartment units.
The sector is being hit by rising interest rates and other trends also affecting the broader commercial real estate debt markets.