Insight

Loans in focus: Wells Fargo’s Queens re-entry; Bank OZK’s Florida expansion; X-Caliber’s Utah ski trip

Bank lenders are again making a splash in US commercial real estate financing with Wells Fargo this week closing a $223.4 million bridge deal for a mixed-use residential tower in Long Island City; Bank OZK is expanding its Southeast US lending book further with a $132.5 million financing for a luxury residential development in Coral Gables, Florida; affiliates of X-Caliber Capital Holdings are blending C-PACE and construction capital to fund the creation of a ski resort in Park City, Utah; and more in our round-up of stateside loan deals from the past week.

Oaktree-backed data centre developer sees strong lender appetite

Pure DC obtained a €1.9bn data centre financing from SMBC earlier this month.

Loans in focus: Cheyne issues €136m in Lisbon, Nordic Investment Bank backs Gothenburg office construction, Barclays provides Long Harbour with £67m

Cheyne Capital provides a €135.7 million loan to Arab Bank Switzerland for its debut purchase in Portugal; Nordic Investment Bank backs an office construction project in Gothenburg; Barclays issues Long Harbour with £66.8 million (€77 million) to support the expansion of its single-family housing platform; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

European industry looks past tariffs chaos to tout real estate stability

Trump’s threat of tariffs and subsequent about-face highlighted ongoing volatility.

Term Sheet: Real estate credit’s Davos crossfire; Prime’s LA conversion; CREFC’s charged sentiment

Private real estate credit managers are fending off more anti-institutional rhetoric from the Trump administration’s Davos address; Prime Finance adds to office-to-residential conversion waves with a Southern California loan close; CREFC Miami signals more optimism and competition to come for private credit lenders; and more in today’s Term Sheet, exclusively for our valued subscribers.

Pluto deploys first loan from £2bn Blackstone tie-up

The €35m senior loan has financed the acquisition of a residential portfolio in Dublin.

Term Sheet: Industry sanguine in the face of Trump tariffs, Goldman provides back leverage to Puma, debt funds remain popular with investors

Property industry figures expect Trump’s latest tariffs threat to have a limited impact on Europe’s real estate markets; Goldman Sachs boosts Puma Property Finance’s first commingled fund vehicle with a back leverage facility; credit funds remain a popular route into European property markets, according to an investor intentions survey; and more in today’s briefing, exclusively for our valued subscribers.

Barclays issues Long Harbour with £66.8m debt facility

The loan supports the expansion of the manager’s Single Family Housing Fund.

Cheyne grants €136m Portuguese hospitality loan

The lender has backed the redevelopment of two historical palaces into a luxury hotel and branded residential.