September 22, 2022

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    New York Life, Nuveen and Voya top the life company lender charts

    (2022 projected origination volume and preferences) New York LifeVolume: $7.2B-$7.5BOriginated $5.6B so far this year; $30M-$250M loans for apartments, industrial, retail (except malls), self-storage, select hotels; non-recourse; conventional lending: 50%-65% LTV; five- to 30-year terms; 30-year amortization with initial interest-only period; minimum 7.75% debt yield; 1.25x+ DSC; three- to five-year bridge terms with 65%-80% LTV; More