With occupancies stable and rents rising, developers are eager to build new apartments. Local and regional banks—and even some national banks—are happy to provide the right sponsors with non-recourse construction loans almost as much leverage borrowers enjoyed before the coronavirus pandemic.
Investment firm Medalist Partners has paid out essentially double investors’ money in its first asset-based private credit fund as banks’ retreat from many kinds of funding amid the pandemic created opportunities for money management firms to profit from lending.
The Washington Post looks at what’s involved in becoming a successful real estate investor. Real estate executives benefited from dividends on company shares they didn’t own, reports Crain’s New York Business. These are among today’s must reads from around the commercial real estate industry.
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