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Most prominent of their shared interests is 666 Fifth Avenue, the heavily indebted Manhattan office tower that has been the subject of a global hunt for investors.
Cap rates for properties occupied by high-quality tenants, such as 7-Eleven, have achieved cap rates between high 4 percent and low 5 percent in the fourth quarter of 2017.
The competition between mezzanine lenders is keeping interest rates relatively low for mezzanine loans, even though short-term interest rates overall are rising.
Ori Allon, co-founder and executive chairman of Compass, said the company will use part of the $100 million from its new funding round to invest more in research and development.
Fannie Mae and Freddie Mac have both announced programs that provide long-term financing at competitive interest rates to help investors refinance and acquire SFR properties.
