August 1, 2022
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Bridge lending available, though with higher rates and lower leverage
Borrowers will see plenty of available bridge capital throughout the rest of the year; however, lenders will be more conservative with terms and cherry-pick the deals they will finance. The abrupt and across the board slowdown in lending has market participants concerned. Underwriting is changing and borrowers will see higher rates and lower leverage. Expect More
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Greystone finances $44.2 million for Chicago metro transaction
Greystone, a leading national commercial real estate finance company, has provided a total of $44,200,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) senior proceeds and mezzanine proceeds for the $49.5 million acquisition of a 344-unit multifamily property in Mount Prospect, Ill. The financing was originated by Dan Sacks and Eric Rosenstock, co-managing directors at More
