Photo: Pixabay Since 2022, big real estate deals led by U.S. private equity firms have become more difficult in Europe, in part because of a sudden shortage of debt capital from investment banks. Smaller deals have sometimes been easier because capital has continued to flow relatively freely through some continental European banks.While more traditional real estate lenders in countries such as Germany and the US are currently experiencing problems, increased confidence in the availability of loan-on-loan funding for jumbo deals could see a resurgence of larger investment bank-led fundraising in parts of the market.Loan-on-loan financing, in which banks underwrite the…
Author: Private Lending Agent
We are all familiar with the concept of flipping a home and how it can be a profitable investment. We also know that such a project comes with risks. The money you spend on the flip may end up outweighing the profits you make. Instead of renovating a single-family home, consider a mobile home. Here are some reasons to consider flipping a mobile home instead of a house:AffordableThe most basic and biggest benefit of flipping a mobile home instead of a single-family home is that mobile homes are small and affordable to buy, renovate, and sell. If you've always been…
Law Clerk Madison Geiger contributed to this article. In 2024, the commercial real estate industry is expected to continue to struggle, albeit with some stabilization. This alert focuses on three subsets of the commercial real estate market: retail, office, and multifamily. Each subset has its own outlook. The retail industry is likely to see fewer bankruptcy filings than in 2023, while office space and multifamily distress will increase. retail In 2023, several well-known brick-and-mortar stores filed for bankruptcy, including David's Bridal, Serta, Tuesday Morning, Bed Bath & Beyond, Party City, Soft Surround, and Rite Aid. We expect the retail outlook…
When you drive a car, it's a good idea to not only look in the rearview mirror, but also look at the road ahead. The same might be said about the Federal Reserve. In determining interest rate policy, the Fed would be wise to focus not only on past economic data, but rather on what will happen in the future. This seems especially true now that we are experiencing a slow-growing commercial real estate crisis at home and China appears to be exporting deflation overseas. The Federal Reserve and Inflation Data Today's inflation data showed core consumer price inflation stagnating…
Publix Super Markets will become the owner and operator of a shopping center in Key West, Florida.The grocery chain, previously an anchor tenant at Key Plaza Shopping Center, acquired the 230,970-square-foot property at 1108 Key Plaza for $74.5 million, according to JLL. The property's alternate address is 2900 North Roosevelt Boulevard.See also: Lendlease sells vast portfolio of U.S. military housing for $323 million Property records list the seller as Basil Vasiliou of MTC Key Plaza Limited Partnership, but he could not be reached for comment. Publix confirmed the acquisition. “There are many variables and valuations that are used when deciding…
Chicago Atlantic Real Estate Finance, Inc.CHICAGO, March 12, 2024 (GLOBE NEWSWIRE) — Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced its results for the fourth quarter and year ended December 31, 2023.John Mazarakis, Executive Chairman of Chicago Atlantic noted, “The improvement in the regulatory landscape has fed new investment opportunities for us while significantly improving the equity value of many of our borrowers. In addition, the wall of debt maturities we have anticipated among the larger cannabis operators is beginning to occur, with early indications this…
March 12, 2024 – Rising interest rates over the past two years have created many challenges for the commercial real estate financing market. Although the Federal Reserve has signaled that interest rate cuts are on the way, the current interest rate environment remains a roadblock to many transactions. Parties who can avoid a transaction in the current environment may choose to do so, but with loans approaching maturity, that is not an option.With approximately $2.75 trillion in commercial mortgages maturing between 2023 and 2027 (Trepp.com new tab, opens in new tab, July 2023), lenders and borrowers face difficult decisions. Below,…
Built has expanded its construction and real estate finance platform to meet the needs of property owners and developers. The platform currently helps these professionals manage budgets, streamline billing and compliance, move funds, and make decisions, Bild said in a press release on Monday (March 11). “One of the main reasons we launched Built was to improve the flow of capital in the construction industry,” Built CEO Chase Gilbert said in the release. “We knew lenders were an important starting point, given their influence and connection to owners, but our goal has always been to track the flow of capital…
Apollo Global Management is launching its first European real estate bond fund, aiming to invest 1 billion euros, according to PERE. Apollo Real Estate Debt Europe Fund I will be the first time the New York-based alternative asset manager has sought to raise third-party capital to invest alongside its balance sheet capital to originate European real estate loans, according to sources familiar with the matter. Indeed, Apollo has not previously raised an institutional commingled fund for its global real estate credit business, having previously raised a separately managed account, or fund of one, for the strategy. Apollo declined to comment,…
Last week, the U.S. Securities and Exchange Commission (SEC) announced new rules to strengthen and standardize climate-related disclosures among publicly traded companies. The rules will be phased in so that the largest companies or publicly traded stocks will be required to begin disclosing climate risks in 2025.”We've been waiting a long time for this to understand what the SEC is going to require of public companies,” said Marta Schanz, co-executive director of the ULI Randall Lewis Center for Real Estate Sustainability. “From our perspective, climate risk is a financial risk, so we think it's critical for business success for the…