REC USA staff
Commercial real estate owners are making increasing use of the public-private sustainable financing mechanism in a liquidity-constrained market, says Nuveen president and CEO Jessica Bailey.
The index was at 21.07% in November, up from 20.9% in October.
Industry participants say the market is still feeling the impact of the past two years’ volatility
As commercial real estate sponsors increasingly turn to short-term loans for near-term maturities, they are looking for lenders that can be a partner in today’s volatile market, say Aaron Krawitz and Aidan Birnbaum of Bravo Capital.
Affiliate title PERE’s America Forum puts debt center stage; Fannie Mae and Freddie Mac will be tapering their multifamily lending caps by $5 billion each under 2024 guidance; CBRE research shows insurance lenders are gaining market share as banks and private credit managers cede ground; and more in today’s Term Sheet, exclusively for our valued subscribers.
Trinity Investments lands its third major hotel financing of 2023; PGIM Real Estate maps out a succession plan for its agency lending leadership; KBRA outlines CMBS stress on the heels of Rite Aid's bankruptcy filing; and more in today’s Term Sheet, exclusively for our valued subscribers.
Senior real estate leaders anticipate more obstacles for originations and capital markets at CREFC; PIMCO preps debt dry powder with year’s largest fundraise to date; Trepp tracks rise in delinquency and special servicing rates as CMBS market congestion builds; and more in today’s Term Sheet, exclusively for our valued subscribers.
Inside: How lenders and borrowers are facing up to a lower-leverage future; A multifamily roundtable; Five commercial real estate debt trends to watch; C-PACE’s record-breaking year; Plus much more…
Wells Fargo goes against the grain with planned $550 million deal to convert Hudson Yards retail floors to office space; PGIM continues filling bank lending void with $333 million California industrial financing package; Goldman Sachs Asset Management tracks uptick in investor concern around public and private real estate valuations; and more in today’s Term Sheet, exclusively for our valued subscribers.
Kayne Anderson picks up $1.3 billion medical office loan portfolio from Synovus as select regional bank selloff activity continues; Federal Reserve keeps interest rates elevated; Blackstone’s Schwarzman says real estate credit will play a critical role in ambitions to amass $1 trillion in assets; and more in today’s Term Sheet, exclusively for our valued subscribers.