New York City-based ACRE, an institutional fund manager that invests in multifamily as an owner and debt fund, offers debt at 65% to 70% loan-to-cost. “There is still a value proposition for floating-rate debt to get additional leverage,” said Daniel Jacobs, partner and head of credit at ACRE.
Rising interest rates shake up the multifamily lending mix
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New York City-based ACRE, an institutional fund manager that invests in multifamily as an owner and debt fund, offers debt at 65% to 70% loan-to-cost. “There is still a value proposition for floating-rate debt to get additional leverage,” said Daniel Jacobs, partner and head of credit at ACRE.