National
Cerberus raises nearly $3B for new real estate fund
Cerberus Capital Management has raised about $2.8 billion for a new real estate fund — exceeding its target of...
distressed debt
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National
What distress? Dry powder piles up with few discounts in sight
After raising billions of dollars to spend on commercial real estate, distress investors are having a difficult time spending...
National Insights
What appraisal reductions mean for future losses on CMBS loans
As delinquency rates for commercial mortgage-backed securities settle into a new normal after early pandemic chaos, other market metrics...
HFZ sues CIM to halt condo foreclosure sale
UPDATED, Nov. 12, 2020, 2:28 p.m.: HFZ Capital Group is making a last-ditch attempt to stop its lender from auctioning off loans tied to four of the firm’s Manhattan condo projects. The prolific developer...
HFZ sued over delinquent loans at Upper East Side project
HFZ Capital Group continues to have trouble meeting its debt obligations. The lender at HFZ’s planned project on Manhattan’s...
National
JV looks to buy up to $175M in distressed resi loans, with focus on NY, Miami
As an increasing number of borrowers skip their mortgage payments, opportunistic investors have been on the lookout for distressed...
Upper East Side condo conversion fetches $51M at auction
UPDATED, Sept. 23, 3:30 p.m.: A Upper East Side condo conversion just sold at auction, a possible sign of...
Isaac Hager’s Downtown Brooklyn hotel heads to foreclosure
UPDATED, Sept. 18, 4:33 p.m.: A Downtown Brooklyn hotel that provided housing for the homeless is facing foreclosure. The...
National Insights
Banks see CRE loans delinquencies hit 5-year high
The delinquency rate on bank’s commercial real estate loans is at its highest point since 2015. The overall delinquency...
National
Wendy Silverstein, Ed Adler launch loan restructuring biz
Bombarded by inquiries from clients about mortgage workouts during the pandemic, Meridian Capital Group called Wendy Silverstein. The brokerage...