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The US commercial real estate debt market is holding out hope for more clarity on the magnitude of future interest rate increases throughout 2023.
After a volatile 2022, green lending is set to become higher priority in the coming year.
Los Angeles firm closes $3.8bn of debt in 2022 across bridge, construction, mezz lines.
The Los Angeles-based duo originate fixed- and floating-rate loans of up to $100m on value-added properties.
The tax could be up to 2.8% for New York City.
Robert Lapidus, L&L president and CIO, says the firm is looking past New York for its next deals.
The fixed-rate financing will back acquisition of five US student housing assets.
A group of lenders, including Blackstone and Vici Properties, are providing the financing.
The firm also believes CMBS delinquencies could rise to top 4%.
JPMorgan, Truist, UBS remain active on originations during winter holiday season.