NEWS AND UPDATES
How Net Lease Developers Benefit By Partnering With PSF
HOW NET LEASE DEVELOPERS BENEFIT BY PARTNERING WITH PSF
Saving time and money for net lease developers has helped us close more than $850 million in transactions across ~200 net lease loans with zero foreclosures since 2015.
Takeaways From Turnaround Management Association’s Real Estate Panel
Turnaround Management Association hosted an interactive presentation coupled with a Q&A to discuss the challenges and opportunities real estate professionals have seen in local and national markets due to the effects of the COVID-19 pandemic. Greg Milligan, Executive Vice President at Harney Partners served as moderator for the panel, which featured Paramount’s Managing Partner and co-founder Joel Waxman, Virtus Real Estate Capital’s Chief Investment Officer Kevin White, and A&G Real Estate Partners’ Managing Director Douglas Greenspan. Here are some of the topics covered and the key takeaways from the panel.
Paramount Specialty Finance Buys $35 Million STNL Construction Loan Portfolio
Paramount Specialty Finance Buys $35 Million STNL Construction Loan Portfolio
Paramount Specialty Finance (“PSF” or “The Company”) closed on the purchase of a ~$35 million portfolio of 8 single tenant net lease (“STNL”) construction loans. The loan portfolio included loans from 5 different borrowers across 5 states, with projects in various stages of development. The build to suit corporate tenants in tow for the projects include: 7-Eleven, DaVita, WaWa, and Caliber Collision.
New Hire: Dasha White, Director of Acquisitions
New Hire: Dasha White, Director of Acquisitions
It is with great pleasure that we introduce to you our newest Director of Acquisitions, Dasha White. Dasha oversees day to day operations of our STNL Acquisitions business. She is responsible for underwriting investment opportunities, overseeing 3rd party service providers, and making investment and disposition decisions as part of the investment committee. Welcome to the Paramount team, Dasha!
Essex Financial Services: How We Work For Paramount Specialty Finance
Essex Financial Services: How We Work For Paramount Specialty Finance
The best way to tell people about Essex Financial Services is through stories of our clients’ successes and how we serve them every day. There are fewer companies in the private construction lending space that have been as successful as our client Paramount Specialty Finance.
Leveraged Loans Dodge Existential Threat In New York Court
Leveraged Loans Dodge Existential Threat In New York Court
The $1.2 trillion leveraged loan market’s biggest players can breathe a collective sigh of relief -- at least for now. A New York judge last week dismissed a claim that a leveraged loan JPMorgan Chase & Co. and other Wall Street banks sold in 2014 could be considered a security and, as such, be subject to the same disclosure requirements as stock and bond offerings.
Macy’s Looks to Raise $1.1 Billion in Fresh Funds
Macy’s Looks to Raise $1.1 Billion in Fresh Funds
Macy's flagship store in New York City, currently closed for coronavirus precautions. The retailer has begun slowly emerging from lockdown in other parts of the U.S. this month.
Williams Says Fed Thinking ‘Hard’ About Yield-Curve Control
Williams Says Fed Thinking ‘Hard’ About Yield-Curve Control
Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.
Starbucks Puts These Plans Into High Gear As Virus Reshapes Habits
Starbucks Puts These Plans Into High Gear As Virus Reshapes Habits
Starbucks stock rose on Thursday after the coffee chain said its U.S. same-store sales last week stood at around two thirds of what they were last year, but it also warned stores "will not require the same level of staffing" and accelerated store overhaul plans.
Why Net Lease Real Estate Is a Safe Investing Alternative in Tough Times
Why Net Lease Real Estate Is a Safe Investing Alternative in Tough Times
B+E CEO Camille Renshaw on the reasons net lease real estate will generate heightened interest, both during the pandemic and after.