PSF NEWS
PSF Provides BTS Joint Venture Equity Commitment
Learn about Paramount Specialty Finance’s recent $50 million build to suit joint venture equity commitment to an STNL preferred developer in the Midwest.
PSF Surpasses $1 Billion Investment Milestone
Since 2015, we’ve aimed to become the nation’s leading non-bank, build-to-suit lender and net lease investment platform. Today, we’re proud to announce that we’ve surpassed $1 billion in cumulative investments.
New Hire: Matt Brown, Director of Net Lease Investments
We’re thrilled to introduce our newest hire, Matt Brown! As PSF’s Director of Net Lease Investments, Matt will source new acquisition opportunities and assist in our company’s business development efforts.
Highlights From The First Half Of 2021
With the first half of the year in the rearview, we’re reflecting on some key milestones at PSF. Thanks to all of our partners, borrowers, and employees for your support and collaboration.
1031 Exchange Survey Results And Our View On The STNL Market
We recently asked our LinkedIn followers to chime in on where STNL cap rates might go if proposed 1031 changes are made into law. Learn the results of our poll and read our analysis.
Former Restaurant Redevelopment Opportunity
In June, PSF acquired a Walmart-anchored pad site in Conroe, Texas. Formerly occupied by a Ryan’s Family Steakhouse, this property sits on the Southwest Corner of I-45 & N. Loop 336 West. Learn more about this location available for ground lease.
New Hire: Steve Levine, Business Development Associate
We’re excited to welcome Steve Levine to PSF! As our Business Development Associate, Steve works side-by-side with Matt Valdez, PSF’s Director of Business Development. Steve analyzes development deals, identifies and sources new business, and collaborates with existing clients and borrowers.
New Hire: Melanie Lawson, Senior Accountant
Last quarter, we welcomed Melanie Lawson to the Paramount team. She is responsible for full-service bookkeeping across multiple entities, lending activity coordination, financial and operational reporting, and working collaboratively across departments to identify areas where we can improve processes.
DOUG FLORENCE JOINS PARAMOUNT SPECIALTY FINANCE AS DIRECTOR OF ACQUISITIONS & DEVELOPMENT
Doug's professional focus is on sourcing net lease acquisition targets and identifying retail development and redevelopment opportunities.
Why The Majority Of Our Business Is From Repeat Borrowers
Last year, we traced the source of every loan that we closed, and 65% of our deals came from repeat borrowers. No other metric makes us prouder.
CREDIT MARKET NEWS
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 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
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.
NET LEASE NEWS
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
B+E CEO Camille Renshaw on the reasons net lease real estate will generate heightened interest, both during the pandemic and after.
Net Lease Investors Find Varying Rates, Different Amortization As They Seek Financing
Loan term sheets for identical assets are coming back varying 50 to 100bps on interest rate, as well as seeing material changes in amortization schedules and recourse requirements.
Sale Leasebacks on the Rise As Owners Seek Cash
As the realities of COVID-19’s impact on the economy become clearer, businesses are looking to strengthen their capital reserves for immediate needs and other core activities.