Capital Markets

The financing package consists of a $900-million senior construction loan syndication led by J.P. Morgan and a $235-million preferred equity loan from an unnamed hedge fund.

It looks as though neither of the GSEs will meet their multifamily cap for the year. Despite that, Freddie Mac's 2017 was marked by growth and innovation.

A roundup of recent deals, leases, executive moves, and other news from the past week.

The cycle is maturing and interest rates are going up, but the biggest concern of 2018 will be the over-supply in many major US markets.

FHFA Director Mel Watt testified before Congress this past October that Fannie and Freddie needed some form of capital buffer to protect against short-term operating losses.

“There's more capital trying to buy medical office buildings now than ever in history. Money is flowing to this asset class.”

The Tax Cut and Jobs Act is the biggest change to the US tax code in 30 years. Little wonder, then, there are provisions that need further clarification from the Treasury Department. Here are the CRE-related ones that bother experts the most.

In a recent example, $20.5 million in financing was obtained for The Georgian, a 288-unit multifamily property, with a sponsor that was looking to secure a long-term loan at a competitive fixed rate.