Multi Housing News

In this authoritative piece by Brian Pascus, Pembrook Capital CEO Stuart Boesky discusses how private credit is impacting commercial real estate finance

Real estate private credit managers led the way to recovery in 2024, with firms raising and deployingsubstantial capital for acquisitions, refinancings and developments despite macroeconomic andgeopolitical volatility and higher rates.

The first step to figuring that out is unwinding the complicated relationship between key benchmarks and Treasurys

Under President-elect Donald Trump, the government's conservatorship of Fannie Mae and Freddie Mac could become a thing of the past.

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

President-elect Donald Trump’s return to the White House has reignited speculation about the privatization of Fannie Mae and Freddie Mac, an effort he proposed during his first term.

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

This article includes reactions from real estate industry professionals, including Pembrook Capital Management CEO Stuart Boesky, on the Federal Reserve's first rate cut since March 2020.

Pembrook Capital Management CEO Stuart Boesky shares his thoughts on how the Federal Reserve's 50 basis point rate cut may impact the future of the housing market with PERE Credit reporter Samantha Rowan.

Stuart Boesky, CEO of Pembrook Capital Management, discusses the challenges facing New York City's lending market with Real Deal reporter Elizabeth Cryan.

Pembrook Capital Management has made significant contributions to affordable housing since its inception in 2007, originating or participating in 148 investments totaling nearly $2 billion.

Andrew Coen of The Commercial Observer discusses the New York Community Bank's (NYCB) struggles with its commercial real estate loan portfolio, prompting private lenders to step in. CEO Stuart Boesky shares his thoughts on how this may impact banks.

Bisnow reporter Bianca Barragán provides an overview of recent deals in Los Angeles, including a $23.7 million loan from Pembrook Capital Management to finance the Gramercy Apartments, a 53-unit apartment complex in Koreatown.

Pembrook Capital Management has provided a $28 million loan to recapitalize a 124-unit multifamily property in Ohio. The property, The Residences at The Greens, has 109 two-bedroom and 15 three-bedroom units.

Commercial Observer reporter Brian Pascus examines the commercial real estate market heading into 2024 and includes commentary from experts such as Pembrook Capital Management CEO Stuart Boesky, who shares his expectations for the future of the industry.

This piece highlights insights from the Commercial Observers� Multifamily Forum, where industry leaders, including Pembrook Capital Management CEO Stuart Boesky, addressed the impact of rising interest rates on multifamily investment.

Pembrook Capital Management has provided a $19.4M loan for the acquisition and renovation of The Ballpark Place Apartments, a 100-unit affordable housing property in San Diego. The property will be renovated and will target tenants making less than 80% of the Area Median Income.

Pembrook Capital Management has invested $37.5 million in the Pike, a 151-unit apartment property in Connecticut, which is being developed by Smith & Henzy Affordable Group.

Smith & Henzy has secured $37.5 million in financing, including $12.5 million in preferred equity from Pembrook Capital Management, for a multifamily development project in the Hartford area. This funding will support the construction of a new residential community to meet local housing demands.

Pembrook Capital Management has provided $12.5 million to Smith & Henzy Affordable Group for a 151-unit affordable housing project in Newington, CT. 10% of the units will be dedicated to tenants earning less than 80% of the area's median income.

Pembrook Capital Management has provided a $28.2 million bridge loan to finance the recapitalization of a 124-unit multifamily property in Jackson Township, Ohio. The loan will cover construction costs for the community's redevelopment.

Pembrook Capital Management has provided a $23.7 million construction loan for the development of Gramercy Apartments, a 53-unit multifamily complex in Los Angeles� Koreatown.

A $23.7 million construction loan from Pembrook helped fund the development of Gramercy Apartments, a 53-unit multifamily complex in Los Angeles� Koreatown.

Pembrook Capital Management has provided a $12.2 million loan to renovate the Braxton Apartments, an affordable multifamily property in Irving, Texas. The property has 125 units, 51% of which are affordable.

Bisnow reporter Olivia Lueckemeyer recaps recent deals in the Dallas-Fort Worth area, including a $12.2M bridge loan from Pembrook Capital Management to recapitalize and renovate an affordable multifamily housing complex, The Braxton Apartments.

Pembrook Capital Management CEO Stuart Boesky shares his insights into the multifamily market and explains why the sector is recession resistant.

Pembrook Capital Management CEO Stuart Boesky details his positive outlook on affordable multifamily housing. He shares his thoughts on the current market conditions, including growing demand, which he believes makes the sector a promising investment.

John Malysa has joined Pembrook Capital Management as Managing Director, focusing on expanding the firm's commercial real estate debt platform. He brings over 20 years of experience in real estate finance, including expertise in multifamily, retail and office loans.

Maya Wiley, civil rights attorney and former New York City mayoral candidate, has joined Pembrook Capital Management as a senior advisor to advance DEI in the firm's commercial lending. Wiley will focus on supporting affordable housing in minority communities and economic equity initiatives.

Maya Wiley, a civil rights attorney and activist, has joined Pembrook Capital Management as a senior adviser. She will focus on affordable housing inequalities and help the firm's affordable housing lending business address social and economic issues.

Icarus Investments Group acquired 311 affordable housing units on Chicago's South Side with financing from Pembrook Capital Management. The $22.4 million mortgage and $6.6 million equity will fund renovations while maintaining affordability for residents earning 80% or less of the area's median income.

Pembrook Capital Management has provided a $22.4 million first mortgage and a $6.6 million preferred equity investment to facilitate the purchase and renovation of a 311-unit affordable housing portfolio in Chicago.

Pembrook Capital Management has issued a $22.4 million first mortgage loan and a $6.6 million preferred equity investment to support the acquisition and renovation of a 311-unit affordable housing portfolio in Chicago. The Cano 2 Portfolio consists of 20 buildings and aims to maintain affordability for tenants earning 80% or less of the area's median income while upgrading the properties.

Pembrook Capital Management financed Iris Holdings' 2020 purchase and rehabilitation of Belmont Daniel Apartments with a $10 million senior loan and a $2.4 million building loan. These loans have been refinanced by a $26 million bridge loan from Greystone.

Pembrook Capital Management's CEO, Stuart Boesky, speaks with the Commercial Observer on the firm's longstanding value in socially responsible investing and mission of solving the affordable housing shortage.

Pembrook Capital Management has provided $17.7 million to Significant Lifestyle Communities for the acquisition and renovation of six multifamily apartment buildings in Shaker Heights.

Pembrook Capital Management provided 2nd Wave Development $14.2 million in preferred equity to finance The Asbury Apartments, a 360-unit multifamily project in Tampa.

Pembrook Capital Management CEO Stuart Boesky speaks with the Real Deal on the success taking place in the multifamily sector while other sectors such as office, retail and hospitality face struggles.

Pembrook Capital Management provided a $12.4 million loan to the Iris Holdings Group to finance the acquisition and rehabilitation of two adjacent multifamily properties. The two properties contain a total of 112 apartments.

Pembrook Capital Management provided a $12.4 million loan for Iris Holdings Group to acquire and renovate two rent-stabilized communities in Staten Island. The properties, with 112 units, will be converted into long-term rent-controlled housing, ensuring affordability for residents earning 55-100% of the area median income.