The New York-based lender has added exposure in Honolulu’s Ala Moana submarket with one of the largest deals signed so far in 2023.
The New York company also sees a longer road to recovery for the city's CRE market.
Participating preferred equity has features of both preferred and joint venture equity, Berkadia’s Cody Kirkpatrick told Real Estate Capital USA.
Berkadia arranges refinancing for Rose & Berg’s new office and retail project in trending Wynwood locale.
Cain International’s US debt platform browses projects that it believes hold profound value.
Charles Leitner has left the investment management business of CBRE after joining the New York-based manager only three years ago.
A group of lenders, including Blackstone and Vici Properties, are providing the financing.
The firm also believes CMBS delinquencies could rise to top 4%.
The company has no expectations that the investment sales market will unlock in the near-term.
The firm believes the main theme of 2023 will be investing through turbulence.