Quincy Private Construction Lender Expands Partnership with Florida Bank
First Boston Capital Partners says it has expanded its revolving line of credit with BankUnited, based in the Miami area, as it aims to grow its private lending business.
NMHC: Apartment Debt Financing and Deal Flow Improves
Apartment market conditions are more favorable in terms of debt financing and sales volume, but equity financing continues to be less available than prior quarters amid continued high interest rates, according to the National Multifamily Housing Council.
Despite Push to Shrink Exposure, Banks Face Growing CRE Risk, Moody’s Warns
Prolonged high interest rates may drive credit risk at banks with high commercial real estate exposures, according to a new survey by Moody’s.
Banks Report Tougher Credit Standards in Wake of Failures
A Federal Reserve report Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures and expect to lift them more this year, a trend that could slow the economy in coming months and increases the risk of a recession.
MetroWest Portfolio Gets $96M in Financing
The owner of a warehouse in the Interstate 495 Corridor has received a construction loan for a new property and refinanced its existing warehouse next door.
Millennium Lands $775M Construction Loan for Winthrop Center
Millennium Partners has obtained a $775-million construction mortgage to develop a 1.4-million-square-foot skyscraper in Boston’s Financial District, three months after scaling back the residential portion of the project in response to a cooling condo market.
