Shihao Feng

Banks continue to provide back leverage for debt funds and other non-bank lenders, with lending rising to $309bn for this cohort in Q1 2026.

Non-bank lenders are seeing a growing area of opportunity amid increased activity with this cohort.

The Dallas-based lender raised $148.6m in its first close.

Lenders are going further afield in search of better risk-adjusted returns.

The financing will be used to complete a $730m acquisition of a 30MW data center property.

Nomura’s US commercial real estate platform launched its biggest SASB CMBS transaction to date.

The Textile Building received a bridge loan boost after its post-pandemic renovation with backing from PGIM, Tribeca Investment and Meadow Partners. 

A joint venture between Blackstone, GIC and LBA landed the refinancing for a 41-property logistics portfolio.

The manager ramps up fundraising target from its previous $685m special opportunities fund.

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.