Market sources believe transaction activity is unlikely to reboot until the end of Q1 2023 or later.
Despite widespread confusion and concern over the situation in Ukraine, most investment-grade REIT bond yields have remained attractive.
The university opted for a taxable bond financing with staggered maturities.
Anthem Development saw pricing drop by about 100 basis points due to lender competition.
The partners are planning a luxury hotel near the MGM Grand Detroit.
The partnership will allow the Los Angeles-based lender to expand its lending and fundraising platforms.
The firm will retain servicing rights on the financing, which is part of a $108m financing package.
Avison Young’s Tri-State Debt & Equity Finance Group arranged the Times Square-area financing.
The company is seeing more conventional lenders entering the market.
The advisory’s parent company Black Bear Asset Management also made a preferred equity investment.