Finance - Real Estate - The Real Deal

DTLA’s Wedbush Center to special servicer as namesake tenant relocates to Pasadena

TRD Staff — Tue, 15 Apr 2025 19:38:32 +0000

Cerberus Capital Management has blown its deadline to pay off a $128 million loan backed by a 21-story office building in Downtown Los Angeles, shuttling it into special servicing. The New York-based investor led by Frank Bruno failed to make a maturity deadline last month for a commercial mortgage-backed securities loan secured by the Wedbush […]

This article originally appeared on The Real Deal. Click here to read the full story.

In NYC’s world of rent-regulated distress, Greg Corbin makes bankruptcy palatable to lenders

Suzannah Cavanaugh — Mon, 03 Mar 2025 12:00:00 +0000

It was Valentine’s Day morning and Greg Corbin was fresh off a breakup that he may have manifested. The split wasn’t romantic; rather, the bankruptcy-and-foreclosure specialist at the bow of Northgate Real Estate Group had lost out on a monster deal with an important lender on a big Manhattan asset. The commission would have been […]

This article originally appeared on The Real Deal. Click here to read the full story.

Ran Eliasaf’s Northwind rides the alternative lender wave

Keith Larsen, Rich Bockmann — Mon, 03 Mar 2025 12:00:00 +0000

Tomorrow, Ran Eliasaf will be surfing the less-traveled waters off of Western Sahara in North Africa. The ocean is Eliasaf’s escape from his day job running Northwind Group, a firm that’s emerged as the go-to lender for complicated New York City real estate deals. Today he is in New York City, in his Midtown office […]

This article originally appeared on The Real Deal. Click here to read the full story.

Covercy’s FinOps Hub Unifies Real Estate Investment Management, Enables Disciplined Growth for GPs

Brand Studio — Wed, 15 Jan 2025 15:06:00 +0000

CRE investment is picking up steam after a few slow years. Covercy saw more fundraising among its real estate investment customers in the last eight weeks than in the entire year leading up to that time period. Whether this uptick is due to lowering interest rates or general industry tailwinds going into 2025, GPs are […]

This article originally appeared on The Real Deal. Click here to read the full story.

Cliffco Closes Loans for the Modern Day Consumer

Brand Studio — Tue, 14 Jan 2025 14:08:00 +0000

In the slow-moving, conservative world of mortgage lending, one institution is breaking the mold and finding new ways to say yes to qualified borrowers. Cliffco Mortgage Bankers is a direct lending mortgage bank made up of industry professionals who use their experience and knowledge to match borrowers with the right product for their scenario and […]

This article originally appeared on The Real Deal. Click here to read the full story.

Here’s how interest rate changes might benefit CRE

TRD Staff — Thu, 12 Dec 2024 23:37:29 +0000

Some relief might be on the way for commercial real estate if the past is any guide. According to an analysis by Trepp, recent — and likely future — Fed rate cuts might increase transaction activity and cause borrowers to seek refinancing, particularly those with floating-rate debt. Lower interest rates can also cause higher property […]

This article originally appeared on The Real Deal. Click here to read the full story.

Nuveen Green Capital Rides Market Tailwinds to Record C-PACE Growth

Brand Studio — Thu, 05 Dec 2024 14:35:00 +0000

When rates were high and liquidity was tight, the CRE industry relied on C-PACE financing to get projects off the ground. Today, with continued rate volatility, C-PACE has become a foundational building block for CRE capital stacks around the country. Leading C-PACE provider Nuveen Green Capital (NGC) is staying ahead of the competition with record-setting […]

This article originally appeared on The Real Deal. Click here to read the full story.

McBride Cohen lands $35M to build waterfront village in Tempe

TRD Staff — Wed, 27 Nov 2024 18:33:32 +0000

McBride Cohen Management Group has raised $35 million to build the second phase of a $4 billion urban retail village in Tempe, east of Phoenix. The unit of The McBride Cohen Company, based in Seattle, secured the money from Bellevue-based JLW Tempe Investments for South Pier, a 12.4-acre development at 1190 East Vista Del Lago […]

This article originally appeared on The Real Deal. Click here to read the full story.

In Tough Market Conditions, FHA Financing Remains Reliable

Brand Studio — Mon, 28 Oct 2024 12:07:00 +0000

Multifamily developers often turn to FHA loans from the US Department of Housing and Urban Development (HUD) when rates are high and liquidity is low, but these Federal programs can be a smart choice no matter the market conditions. TRD sat down with Mark Dellonte, Head of FHA Production for Capital One, to get an […]

This article originally appeared on The Real Deal. Click here to read the full story.

Marcum Guides RE Clients Through the Cybersecurity Maze

Brand Studio — Mon, 23 Sep 2024 12:43:00 +0000

In the wake of the recent CrowdStrike outage taking businesses around the world offline, real estate companies big and small are looking at their cybersecurity systems with a renewed focus. Last time we spoke with Marcum, the leading accounting firm showed us how their latest AI tool keeps their clients ahead of the game. In […]

This article originally appeared on The Real Deal. Click here to read the full story.