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Miami’s condo development market reaches new heights

Alternative lenders are backing the city’s luxury condo boom.

Puente Hills Mall: California retail goes back to the future

Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.

Commercial mortgage rate spreads: Lenders, borrowers seek stability after September rate cut

The Fed’s recent rate cut is not expected to significantly move the needle for commercial real estate lenders and borrowers, but provides and indicator of stability.

K-LOC Index: KBRA Credit Profile loans of concern notch upward

The index was at 23.71% in July, compared with 23.25% in June and 22.91 percent in May.

Capital watch: Multifamily tops the charts for real estate private credit managers

The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.

Lending Barometer: Lenders shift toward trophy mixed-use assets

The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.

Investor watch: New York State Teachers, CPP emerge as top real estate private credit investors

CPP Investments was second, with $1.24bn allocated.

Download the October/November 2024 issue of PERE Credit

Inside: Lenders see opportunities in the office sector – but only for certain assets; Tim Sloan on Fortress’s senior lending push; Why alternative lenders are backing Miami’s luxury condo boom; Plus much more…

Bank exposure to commercial real estate is largely manageable

Commercial real estate valuations are under pressure and delinquencies are rising, but most bank management teams have maintained conservative underwriting metrics.

K-LOC Index: KBRA Credit Profile loans of concern trend up

The index was at 22.91% in May compared with 21.67% in March.