CMLS Financial, one of Canada’s largest CRE finance companies, has begun a strategic partnership with and investment in Skyhawk Capital Advisors of New York, CMLS announced Monday.
Founded in 1974, CMLS Financial is one of Canada’s largest independently owned commercial real estate finance companies, with 11 offices across Canada providing commercial lending services, advisory services and institutional services.
In a prepared statement, Sam Brown, CMLS Financial executive vice president and COO, said, the partnership will significantly expand the company’s network beyond Canada and be especially valuable for clients that are looking for cross-border opportunities. On the Skyhawk side, Managing Principal Kevin Stahl highlighted the partnership’s value for the expansion of Skyhawk’s advisory, M&A and capital markets lines.
Lenders even more cautious
In a December Viewpoint, Troy Marek of Sabal Capital Partners and Regions Bank emphasized that capital is still available, but that borrowers should expect closer scrutiny by lenders of them and of their deals — and should anticipate bringing more equity to the table.
The same month, Peter Welsh, a principal at Gantry, commented that office remains “perhaps the most vexing asset class,” with lenders closely inquiring about subleasing (which is often under-reported), as well as re-tenanting costs and a tenant’s return-to-office success.
Besides ongoing favorite industrial, Welsh added, sought-after asset types for lenders include “grocery and national tenant-anchored suburban power centers. These assets have performed above expectations post COVID and are still attractive moving into the new year.”
Finance, International, News, Viewpoint
ground lease, ground leases, net lease, ground leases 101, ground lease nyc, skyline properties, skyline properties nyc, Robert Khodadadian, investment sales, broker, commercial real estate, skyline properties, commercial real estate, NYC real estate, ground lease, Skyline Properties, Skyline NYC, Skyline Properties NYC, New York City Real Estate, ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties, NYC Real Estate, Real estate investment, commercial real estate, robert khodadadian, skyline properties, ground lease, net lease, investment sales, brokerage, manhattan real estate, off market broker, daniel shirazi, Off-market real estate