multifamily

The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

The multifamily sector continues to be a favored place for lenders and investors, buoyed by the supply-demand fundamentals. 

The firm is not planning to join the ranks of investors who are seeking short-term lending solutions.

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.