Home Lenders
lenders
The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The financing package for 5 Times Square is one of three major loans originated on offices in the submarket in the past few months.
The Irvine, California-based manager thinks the slowdown could be a sign of things to come.
Debt funds and other alternative managers see room to fill the void where banks have pulled back.
Namdar Group will use the financing for a residential tower acquisition, construction.
The funding is split into a $67.6m mezzanine loan and a $147.5m senior loan.
The firm recently expanded in the Pacific Northwest, hiring Blake Rodgers to head its new Seattle office.
The borrower, Carter Multifamily, secured the floating-rate loans through Freddie Mac.
The debt markets have shown signs of life in recent weeks. Is it sustainable?
The latest 75-basis-point installment has brought a further pause on less-than-great deals.