The deal makes the New York company the fourth-largest US mortgage REIT.
JLL arranged financing for Longfellow following borrower’s recent Bank OZK, Square Mile deal.
The loan, which is secured by properties owned by the manager’s Sponda platform, has been placed into special servicing.
Short-term fixed-rate SASB offerings are coming to market despite funding costs remaining volatile.
The US trails the EU on adoption of ESG investment principles, with a consensus that more incentives are needed for momentum.
As managers and investors continue to struggle with liquidity issues, it is no longer business as usual for real estate recapitalizations.
The lending market continues to operate in an environment of low visibility for valuations.
Berkadia arranges refinancing for Rose & Berg’s new office and retail project in trending Wynwood locale.
New credit division open for partnerships to build capacity in Sunbelt and beyond.
The liquidity is important at a time when firms are seeing substantial demand drivers, including a paucity of affordable units in target markets and beyond.