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The loan servicer predicts finance will focus on bridging the debt funding gap and green upgrades, says Serenity Morley, managing director, loan servicing, at Mount Street.
The Boston-based manager believes there will be an opportunity to fill gaps in the capital stack in 2023.
Wooden block cube flipping from 2022 to 2023
The biggest question on everyone’s mind is when the market will transact again.
2023 numbers
The drop in transaction volume is directly tied to higher mortgage rates.
new york
The metrics from first three quarters of the year tell a different story than the past few weeks
Brooklyn Bridge with Manhattan in background and blue sky
There is a chance for well-capitalized companies which see opportunities to allocate to rescue capital for short-term investment opportunities. 
GFP Real Estate, Metro Loft Management and Rockwood Capital are set to buy the 22-story, 1.1 million-square-foot office at 25 Water Street.
The firm is the first African American- and women-owned lender to obtain a DUS designation.
Corebridge Financial funded the loan, with The Baupost Group providing additional equity.
The reasons behind the drop are easy to understand: a combination of lower transaction volume, higher interest rates and the steepest inflation in 40 years.
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