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Joint Venture Aims To Provide Relief for Multifamily Borrowers as Billions in Debt Come Due

Peakhill, Declaration Partners Offer $300 Million in Preferred Equity Investments
With more than $250 billion in multifamily loan debt maturing this year, some investors are betting properties values have finally bottomed. (Blake Bowden/CoStar)
With more than $250 billion in multifamily loan debt maturing this year, some investors are betting properties values have finally bottomed. (Blake Bowden/CoStar)
CoStar News
August 12, 2024 | 7:26 P.M.

A joint venture between real estate lender Peakhill Capital and investment firm Declaration Partners is looking to provide hundreds of millions in capital to residential rental properties facing loan paydowns as more than a quarter-trillion dollars in multifamily loan debt is set to mature this year.

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