Mortgage demand weakens as rates hit highest level in 15 months
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Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate finance firm Drew Capital arranged the non-recourse, interest-only loan, after previously sourcing…
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Commercial investors in Brisbane continue to reap the benefits of the cityโs strong yields, leading the way nationally across retail, office and industrial assets. According to REAโs latest Commercial Yield Report, transaction activity rose over the June quarter, despite interest rate increases weighing on buyer demand. The report found that, broadly, yields declined across industrial…
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