More commercial real estate borrowers are taking a different tack in trying to manage rising interest rates, looking at the potential for assuming seasoned, in-place debt as an alternative to obtaining new financing when making acquisitions.
The uncertain future of office space in New York City has not dissuaded the state from taking bigger bets on the area around Pennsylvania Station. But the question is: how will it be financed?
After more than a decade of cheap debt, rising interest rates are forcing a change across the region’s real estate financing market.
The segment saw a surge of investment in 2021, which showed resilience during the pandemic and currently has the strongest occupancy of all property types.
Loan will pay off construction debt on a Class A building inside Miami Worldcenter.
A drop in transaction volume has softened commercial real estate debt recruitment efforts.
Harbor Group finances needed New York medical space.
2022 will witness LifeComps’ worst performance in history.
The financing was arranged on behalf of Royal Palm Companies, with a loan term of 36 months.
Economic volatility is boding well for the strongest stateside industrial corridor in and beyond Southern California.