lending

The banking giant's CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

CIO Wes Fuller says the firm will put a greater focus on strategic partners and growing its investor base.

London Bay will use the funding for the first phase of a Ritz-Carlton development in Bonita Springs.

Hines and Urban Street Development will use the financing for the first phase of a multifamily, office and retail project.

Real Estate Capital USA’s most popular stories of the year included its annual ranking of real estate debt funds, in-depth analysis on borrower strategies to extend loans and in-depth interviews with senior industry executives.

The Los Angeles-based manager is capping off 2023 with its second fundraise for the year.

Dallas manager and New Jersey industrial specialist look to scale investment products, institutional investor base and technology through transaction.

The index was 20.73% in September, compared with 19.73% in July.

An increase in parties overseeing the workout of CMBS loans is expected as the right to appoint new servicers shifts across the capital structure, Academy Securities' Stav Gaon notes.

The Real Estate Capital USA Lending Barometer tracks non-securitized senior mortgage and mezzanine and preferred equity financings across markets and sectors.