It’s Here: Power Finance 2024!

It’s Here: Power Finance 2024! This week, Commercial Observer released its long-awaited annual Power Finance rankings featuring the 50 most powerful players in commercial real estate finance. We also get a glimpse of how Goldman Sachs’ CRE lending team found distinct pockets of opportunity in a volatile market over the past year and, on the news front, there were a few new originations while two Manhattan office CMBS loans hit special servicing. Power Finance 2024: The 50 Most Influential Players in Commercial Real Estate Finance Find out the honorees who made this year’s Power Finance list. [Read More]( Top Deals Of The Week   - [Bank of Montreal]( Provides $117M to Chetrit Family to Refinance Harlem Tower - S3 Supplies $92M Construction Loan on [Flushing Condo]( Project - Huntington National, Nuveen Green Capital Lend $41M on [Florida Build-to-Rent]( Project - Bayview Lends $29M on [New York-Presbyterian Hospital](-Leased Property - Bozzuto [Secures]( $27M for Northern Virginia Multifamily Buy - [Retail-to-Resi Plans]( Secure $20M Loan in Los Angeles People Moves   Madison Realty Capital Adds Samir Tejpaul to Lead Capital Markets Business Madison Realty Capital hired Samir Tejpaul from Affinius Capital as head of capital markets, the private equity firm announced Monday. [Read More]( Q&A   Michael Cohen’s Brighton Capital Ushers CRE Borrowers Through Loan Servicing Michael Cohen, founder of Brighton Capital Advisors, sat down with Commercial Observer at CO’s commercial real estate investment forum in Dallas on April 18, and talked about the importance of understanding the sometimes tedious intricacies of CMBS loan servicing workouts, including modifications, extensions, discounted payoffs, and how to release cash trapped by the servicer. [Read More](   Other Stories From This Week   Midas Touch: Goldman Sachs’ CRE Finance Team on Uncovering Market Opportunity Timing was everything in the capital markets this past year, and the Goldman Sachs team had it down to an exact science. [Read More]( Alternative Lenders Help Fill Commercial Real Estate’s Debt Gap Amid Higher Interest Rates As many banks retrenched from commercial real estate loans amid rising interest rates and a regional banking crisis, a number of alternative lenders sprang into action. [Read More]( New Clients Enter the Picture During Year of Dislocation for Commercial Real Estate How a year of high interest rates and high inflation brought unforeseen opportunities for the hungry few. [Read More]( How Asset Management Shaped Lender Strategies in 2023 During a year of dislocation, lenders took over the management of borrowers' assets. How’d that go? [Read More]( Commercial Real Estate Financiers Pivot Plenty in Changing Debt Markets Lenders and debt brokers who stood out in 2023 were the ones with the ability to adjust strategies based on where the markets went. [Read More]( Yellowstone Snaps Up Loan on 1740 Broadway for Roughly $200M Yellowstone Real Estate just bought the defaulted commercial mortgage-backed securities debt on a Broadway office tower. [Read More]( $250M CMBS Loan Secured by 25 Broadway Office Building Defaults A $250 million CMBS loan secured by 25 Broadway, a Manhattan office building recently vacated by WeWork, has defaulted on its April maturity date and is now in special servicing. [Read More]( $235M CMBS Loan Backed by Park Avenue South Assets Hits Special Servicing The two-building, 675,000-square-feet office property at 225 and 233 Park Avenue faces the threat of “imminent default,” according to Trepp. [Read More]( Commercial Real Estate Pros On the Finance Market: ‘Not a Typical Cycle’ Commercial Observer assembled several notable names in Dallas for their takes on development, lending and leasing [Read More]( What We're Reading This Week   - Reversing the real-estate [doom loop]( is possible. Just look at Detroit. [WSJ] - New US [home sales]( jump to highest level since September [Bloomberg] - Why the Fed keeping rates [higher for longer]( may not be such a bad thing [CNBC]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 04/25/2024