Anna-Marie Beal
The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.
The UK multifamily deal reflects a bigger push by global real estate credit managers into the European market.
The firm is adding to its New York City conversion tally with 1740 Broadway’s reconfiguration into a 420-unit residential offering.
The loan was originated through Northwind Debt Fund III, the firm's flagship closed-end credit vehicle.
The partnership will allow Northwind Debt Fund III access to lower cost of capital, enhancing its ability to offer more competitive, flexible financing.
The firm has been one of the most active construction and bridge lenders in South Florida, with 20% of its 2025 originations derived from the market.
The loan is one of the largest ever originated by the New York-based real estate private equity and credit manager.
The firm raises $850m in discretionary commitments, with $465m in co-investment capital.
The firms aim to fund $1bn of loans over the next two years through the strategy.
The transaction includes a $140m bridge loan and a $4m working capital line.