PERE Credit Staff
In today's edition, Cheyne Capital Management has raised around £3 billion ($4 billion; €3.5 billion) across the ninth vintage of its European real estate debt strategy; Avila Real Estate Capital has lined up two commitments totaling $390 million for its land acquisition and development debt fund; Corebridge is financing a Tenth Avenue mixed-use property with a $293 million permanent loan; and more in today’s Term Sheet, exclusively for our valued subscribers.
In today's edition, PERE’s European conference brings credit conditions into focus; Urban Standard Capital is targeting a $1 billion lending fund for luxury residential properties; WhiteHawk Capital Partners funds the development of a casino in the Bronx; and more in today’s Term Sheet, exclusively for our valued subscribers.
In today's edition, CBRE Investment Management has acquired Arizona-based sale-leaseback financing specialist Tenet Equity while expanding its net lease platform; Grosvenor has made its first loan deployment in senior housing, aiming to lend around £1 billion ($1.4 billion; €1.2 billion) across property types in the next six years; Precede Capital Partners and Deva Capital are jointly providing £200 million of green development financing for two student housing properties; and more in today’s Term Sheet, exclusively for our valued subscribers.
In today's edition, Barclays and Goldman Sachs are co-originating a $375 million CMBS loan for the acquisition of an Illinois data center property; Boston’s landmark Winthrop Center has been refinanced, with a $281 million C-PACE loan completing the capital stack; Pollen Street is funding an €85 million senior secured financing facility for a German real estate group through its asset-backed financing strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.
As loans mature into a higher-rate, more disciplined lending market, First Growth co-founder and partner Cyril de Romance explains why lenders are increasingly choosing to sell distressed loans rather than negotiate a second extension.
Trimont president Alan Kronovet discusses the refinancing wave, distressed assets, lender workouts and how artificial intelligence is changing US commercial real estate loan servicing.
The commercial real estate lending market is emerging from a period of uncertainty into one of renewed opportunity, says SitusAMC’s Anne Jablonski. The winning lenders will be those who know how best to leverage expertise.
Inside: How lenders are navigating the wave of CRE loans maturing in a higher-rate environment; US CMBS servicers enter an era of enforcement as extend-and-pretend ends; Expert insight from Trimont, First Growth and SitusAMC; Plus, much more…
Inside: How valuers are grappling with a market lacking evidence for valuations; QuadReal explains its European credit push; A roundtable on Europe’s volatile lending market; Multifamily lenders look beyond the Sun Belt; Expert insight from industry leaders; And much more…
Nuveen Green Capital and BridgeInvest hit milestones for their respective real estate debt funds this week, amid rising fundraising momentum; Affinius is backing the acquisition of two New York-area multifamily properties via $177.25 million in financing; private credit has an increasing exposure to data center debt, as tracked in a report released last week from data analytics firm Atrium; and more in today’s Term Sheet, exclusively for our valued subscribers.