Insight

Loans in focus: Cain’s $4.3bn Beverly Hills build; Affinius’s dual-sided deals; BAM’s Brooklyn bridge

Cain has lined up $4.3bn of construction financing for the next stage of One Beverly Hills using a blend of private credit and bank capital; Affinius Capital is working across debt and equity aisles on separate New York multifamily deals; Brookfield Asset Management is refinancing a Carlyle- and Property Markets Group-backed residential project with $370m of bridge debt; and more in our round-up of stateside loan deals from the past week.

SCOR scoops newcomers to real estate debt in €260m fundraise

The manager says there is ‘momentum’ behind its fundraising activities as it targets a €500m final close.

Cain lines up $4.3bn of bank, mezzanine financing for One Beverly Hills

VICI Properties has set up a longer-term investing initiative with Cain and Eldridge Industries as part of a $1.5bn mezzanine contribution.

JPMorgan AM dials up focus on asset selection in five-year real estate outlook

Global real estate head Chad Tredway and head of research Thomas Kennedy outline how a deeper shift into alternative sectors and more precise deployments will unfold in the next cycle.

Inside MIPIM: Real estate focal points overshadowed by Iran crisis

In this episode of The PERE Podcast, the editorial team provide their top takeaways from the global trade show MIPIM. They also reflect on how delegates see the Iran crisis impacting the outlook for real estate capital flows.

Bank of England’s move to hold rates steady sparks debt volatility

UK swap rates and eurozone rose ahead of the UK central bank’s announcement that it would hold rates at 3.75%.

Term Sheet: Central bankers hold steady, SCOR corrals commitments, UK REITs stock up

Central bankers hold rates steady as the industry continues to evaluate the impact of the Iran war; France’s SCOR Investment Partners raises capital for value-add lending; two UK REITs announce significant debt deals; survey finds back leverage strategies being rapidly adopted in Europe; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: The Fed’s waiting game; BSP’s securitized spark; Savills’ Eastdil acquisition

Private real estate managers banking on continued interest rate cuts this year were met with a pause from the Federal Reserve and signals for further stalls ahead; Benefit Street Partners added to the commercial real estate collateralized loan obligation market’s momentum with a $1.1 billion offering; Savills and Eastdil Secured are set to further concentrate the global real estate credit advisory market with their merger; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Alexico’s refinancing blend; Ares’ fresh open-air retail debt; Peachtree’s beachfront bridge

Alexico Group lined up a $345m refinancing package for The Mark Hotel with a mix of capital from Deutsche Bank, JPMorgan Chase and BDT & MSD Partners; Ares Management is getting a slice of trophy retail in Southern California through a $447m acquisition loan for Victoria Gardens; Peachtree Group is building its lending momentum through a $103m recapitalization and construction completion financing in Miami Beach; and more in our round-up of stateside loan deals from the past week.