Capital Markets

Construction is underway for the senior assisted living center, Sunrise at East 56th Street.

“Fewer loans are defaulting, and those that defaulted in recent years are being resolved away,” often with losses, says Manus Clancy at Trepp.

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

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.