Insight

Spanish lending volumes expected to be up 66% in 2025, says EY-Parthenon

Bank volumes are predicted to be €14.6bn, with alternative lenders at €3.3bn.

Castlelake raises €450m for first close of Europe credit vehicle

Real estate debt will form a key part of the manager’s asset-backed private credit vehicle.

Loans in focus: Natixis’ bet on Manhattan’s Upper West Side; Capital One’s push in the healthcare sector; King Street and Blue Owl’s New York office play

Natixis is backing an Upper West Side rental multifamily property with a $260 million refinancing; Capital One Healthcare is funding a national healthcare portfolio through a $171m loan; King Street and Blue Owl’s $500m refinancing demonstrates the strength of Class A New York office; and more in our round-up of stateside loan deals from the past week.

Real estate bond issuance rally will continue in 2026, predicts ING

The bank forecasts buoyant market conditions for real estate issuers will continue into 2026.

Loans in focus: A €358m Finnish retail refinancing, a €500m bridge loan for France’s Argan, a student loan from Eldridge

Aareal Bank, Danske Bank and OP Corporate Bank issue €358m for Helsinki’s Mall of Tripla; JPMorgan, Crédit Agricole CIB, BNP Paribas and Societe Generale issue a €500m bridge loan to Argan; Eldridge Real Estate Credit provides a £146m facility for a purpose-built student accommodation development; 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.

Lenders and developers voice concern about UK residential viability

Landsec’s decision to pause construction of four UK residential schemes reflects mounting concerns over viability challenges in the sector.

Arrow Global secures €1.5bn for European real estate credit fund

The London-headquartered firm received $400m from ADIA as part of the fundraise.

Term Sheet: Las Vegas’ vertical growth; Barings and CounterpointeSRE’s collaboration; Peachtree’s retail reach

Sculptor Real Estate, Morning Calm Management and JPMorgan fund a $686m financing package for a Four Seasons-branded Nevada development; Barings and Counterpointe Sustainable Real Estate provide $173m in senior and C-PACE financing for a Philadelphia development; Peachtree Group expands further into the US retail sector; and more in today’s Term Sheet, exclusively for our valued subscribers.