Newmark’s Post

💡 Case Study: Refinancing in Wood Green 🤩 Background: Experienced investors with a diverse portfolio, including a mixed-use property in Wood Green. Property: 3 flats + commercial unit leased for £45,000/year, with flats earning £73,000/year. 💷 Current Lender: Santander. Refinance Solution: Secured £1,000,000 semi-commercial loan from Yorkshire Building Society. 😍 Outcome: Improved Terms: Better terms likely. Capital Release: Released £1,000,000 for further investments. 🏡 Conclusion: Strategic refinance boosts liquidity and potential returns for savvy investors in Wood Green. Neelam Babber CeMAP

The start of the Multi Family CLO sell off? Good bet. Fearful that your Multi Family loan will be sold to an "Aggressive Lender"? You should be. Brighton Capital Advisors are working with Borrowers to modify and extend their CMBS/CLO Multifamily Loans and providing guidance on how to best prepare if the loan is sold. Be Prepared. Be Proactive. #CMBS #Multifamily #CLO #CMBSadvisor

🚀 2-Week Preferred Equity Recapitalization Closed! 🚀 We’re thrilled to share how Valencia Realty Capital swiftly secured $2.25M in #preferredequity for a 200+ unit #multifamily portfolio in Minnesota. 🏢 Our team quickly assessed the urgent capital need and delivered a solution with certainty. 🔹 5-property portfolio #recapitalization 🔹 200+ Multifamily Units 🔹 $2,250,000 at 87% "Last-Dollar" LTV 🔹 Subordinated to #HUD and bank debt 🔹 Greater Minneapolis, MN If you’re looking to unlock liquidity or structure capital efficiently, we’re here to help. Take a look at the case study here:

🏢📈 Discover how I used the equity from a refinance to jump into apartment building investments. Great way to get started in #multifamily real estate. Watch now to see how you can also get involved! #RealEstateInvesting #REI #apartmentinvesting

Upland Apartments Receives $47M Refinancing with Berkadia Read the full article below..

Newmark and Greystone Capital Advisors have secured $560M in refinancing on behalf of Ares Management and Douglaston Development for 3ELEVEN, a 60-story, 938-unit luxury apartment tower located south of Manhattan’s Hudson Yards district.     The financing, which repays the HSBC construction loan, was arranged by Newmark’s Jordan Roeschlaub and Nick Scribani, in collaboration with Jonathan Firestone, as well as Drew Fletcher, Paul Fried and Bryan Grover of Greystone Capital Advisors.    Read more.   #Newmark     #CRE #CapitalMarkets #Refinancing #RealEstateFinance #Multifamily

Blackstone to issue mega CMBS to Finance AIR REIT Purchase This excellent story from Scott Carpenter highlights that the SASB CMBS market is alive and well. And potentially a driver of deals further afield from the CMBS market. SASB market volume is exploding and this article notes that Blackstone accounts for 50% of the market. This despite the obvious flaws revealed in the SASB CMBS market. This post has 2 parts – the first focuses on the SASB deal, while the second connects the dots between CMBS and Blackstone's strategy (and whether it make sense for the Limited Partners (LPs)). This SASB CMBS deal lacks diversity and generous release provisions will erode diversity over time (hence not worthy of AAA): On the surface, this deal may seem diversified given the number of properties, however 55% of the properties are located in FL and CA. Further, property release provisions are so generous that diversity is sure to erode over time: “… Borrowers may at any time release an individual Property or Properties, subject to the satisfaction of certain conditions including payment of a release price. The release price is 105% of the allocated Mortgage Loan amount until such time as 30% of the original principal amount of the Mortgage Loan has been repaid and 110% thereafter”. The bigger picture - Connecting the Dots to Blackstone: Below are a few points looking beyond the CMBS itself: 1. Connecting the dots back to Blackstone's $10B purchase of AIR. Blackstone's latest and largest ($30B) real estate fund (BREP-X) is the buyer of AIR REIT – at a 25% premium. Trying to understand from LP/investor perspective - 1/3 of my capital is now invested in one entity that I could have bought in the market the day before at a 25% discount, with no management or incentive fees and high liquidity. Does this make sense? 2. Notably, the advisers on the CMBS are largely the same as those advising Blackstone on the acquisition of AIR. Not very surprising, but I wonder if the advisers are also providing warehouse financing dependent on the takeout from the CMBS? What is plan B should this SASB deal fail? This isn’t farfetched as Blackstone recently pulled a large SASB CMBS deal at the last minute, even though ratings were issued and the RAs had issued press releases. 3. Was the premium paid for AIR, in part, based on sweetheart financing from CMBS? Blackstone Realty President Jonathan Gray specifically mentioned CMBS financing as key part of improved financing conditions: From Real Deal: “Gray said that there have been some encouraging signs for commercial real estate recently. The cost of capital has come down from where it was in late October and debt has become “much more available,” especially in the CMBS market, he said” #privateequity #cmbs #commercialrealestate #multifamily #ratins https://lnkd.in/dMadGaDc

**CLOSING ANNOUNCEMENT: Greystone, as exclusive debt placement advisor to Latitude Management Real Estate Holdings, LLC is pleased to announce the closing of 55 Pharr Road, an $11,300,000 non-recourse, 5-year term, full term interest only, senior mortgage secured by the fee-simple interest in a fractured condominium property located in the Buckhead submarket of Atlanta. After running an extensive capital markets process, we identified an institutional (non-agency), non-recourse lender that was able to structure proceeds at a 1.25x IO DSCR, 70% max LTV, which translated into a 8% debt yield on underwritten Net Cash Flow. This deal serves as a great case study for Sponsors seeking to achieve incremental proceeds above and beyond traditional agency levels, while obviating the need for subordinate debt or an additional equity infusion. Direct Sponsors with multifamily deals that are not penciling out with traditional Agency quotes, please feel free to reach out to discuss your options further.  #cre #dealclosing #greystone #multifamily #fracturedcondo #nonrecoursedebt #debt #closed #capitalmakets #debtfinancing #commercialrealestate #credebt #multi

🚀 Client Success: Securing £2.4m for a Complex Property Refinance At Tapton Capital, we thrive on finding solutions to complex challenges. One of our recent clients needed urgent refinancing on a 10,000 sqft residential home. With previous insolvencies, no clear exit strategy, and a lowered property valuation, this deal was far from simple. But we delivered! 💪 Swipe through to see how we secured a £2.4m loan at 1% per month and helped the client avoid default 👇👇 💡 Our Solution: Creative problem-solving, negotiation, and a bespoke approach. 🎯 The Result: A tailored solution that gave the client time to repay without pressure. Need a trusted partner for your complex property financing? Let's talk 📞 #BridgingFinance #PropertyFinance #ComplexDeals #SuccessStory #TaptonCapital