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The firm recently arranged a $230m refinancing for a Lower Manhattan residential tower.
The survey shows widespread, albeit measured, pessimism around commercial real estate in the coming year.
Lenders are gaining the upper hand as well as the ability to build a stronger portfolio.
The impact from the war in Ukraine could still disrupt the commercial real estate debt in several ways.
Fitch Ratings is finding that older assets, like Brookfield Properties’ 175 West Jackson office in Chicago, are seeing return trips to delinquency.