Chris Brown, co-portfolio manager of U.S. total return bond strategy, said he prefers leveraged loans for the “upside optionality from the floating rate coupon.”
Minnesota developer D. Jon Monson said that he had a $52 million construction loan in place when he sold $23 million in municipal bonds.
Multifamily's outperformance within the commercial real estate sector is spurring highly favorable debt alternatives and high property prices.
Office loan portfolios held by non-bank lenders have been posting steady performance, helped by long leases, high quality assets and some workouts.
The digital mortgage-servicing platform will spend the proceeds on driving growth, in part by hiring engineers and loan servicing staffers.
Grace periods end this month for China Evergrande Group on another $148 million of dollar bond interest payments.
The two government-sponsored enterprises will offer greater incentives for affordability—and will make more loans overall—in 2021.
The two government-sponsored enterprises will offer greater incentives for affordability—and will make more loans overall—in 2021.
