Finance
Capital Ideas: Dissecting Distress
Will lower interest rates help troubled CRE borrowers in the office market? Not likely, says Trepp’s Lonnie Hendry.
Vornado Lands $400M Refi for Manhattan Mixed-Use Tower
The funds retire a $500 million loan from 2019.
CIM Group Commits $125M to North Dakota Data Center
The loan is expandable to as much as $200 million.
Office Absorption to Stay Negative Through 2025
Will borrowers be able to refinance and meet their debt service coverage?
FTI Experts’ Hub: Contemplating Handing Back the Keys? Think Again
With office-loan defaults on the rise, Scott Drago discusses the implications of transferring title to the lender. Tune in now!
BGFP Sources $72M Loan for Cold Storage Development
Completion of the Jacksonville, Fla., project is scheduled for November.
Brian Good on the Growing Influence of Private CRE Lending
Commercial banks keep their lending standards tight, but opportunities do exist. “It’s like turning lemons into lemonade,” says iBorrow’s CEO.
STACK Infrastructure Secures $1.3B for Global Expansion
This financing came on the heels of another $3.3 billion obtained in April.
Diversified Healthcare Trust Closes $120M Mortgage Loan
Secured by part of the REIT’s MOB and life science portfolio, the funds will be used to redeem certain senior notes.
CBRE Panel: Clearer Skies, But Office Still Cloudy
While short-term hurdles remain, the CRE sector appears poised for long-term gains.