alternative lenders

Lone Star founder John Grayken sees a limited window for distressed investing while most people wait for private real estate market conditions to settle. He discusses it with Jonathan Brasse.

Greystone arranged the financing package for 1057 Atlantic Avenue.

The transaction comes as Fortress is gearing up to expand its wealth management business.

The US hotel sector is largely defying expectations as the country emerges from the pandemic, but it continues to be a bifurcated market, Rob Murray writes

Rising interest rates and the reality of a post-covid-19 world mean valuations and leverage across all asset classes will be reset. Keys being handed back on office deals is a an indicator that has begun.

The New York manager acquired the property at 444 South Flower at a UCC auction in January. 

National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets. 

The 10-year, fixed-rate financing, arranged by Walker & Dunlop, is interest only for its entire term.

JLL Capital Markets arranged the $220m loan, of which about $65.8m is comprised of preferred equity. 

The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.