Insight

As REC Europe signs off, welcome to a global PERE Credit

From Monday, our coverage of Europe’s property debt market will form a crucial part of PEI Group’s global real estate private credit brand.

Stoneweg appoints new real estate credit head as deployment urgency rises

Rafael Cerezo, the chief executive of Stoneweg Alternative, says the firm will work to meet investor demand for partnership structures.

Term Sheet: PERE Credit’s global expansion; Ares’ $850 million debt fundraising; MonticelloAM’s skilled nursing bet

PERE Credit is expanding its mandate globally for the private real estate lending industry, starting June 1; Ares Management completed a first close for its first closed-end real estate debt vehicle, more than halfway toward its $1.5 billion target; MonticelloAM is doubling down on healthcare real estate with a $435 million financing to a skilled nursing portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: REC Europe transitions to PERE Credit, Ares builds firepower, Stoneshield’s quickfire fundraising

As Real Estate Capital Europe’s coverage becomes a key element of our soon-to-be globalised affiliate PERE Credit, we bring you our final REC Europe Term Sheet; Ares Management is reported to have raised more than half its target as it gathers capital for US and European lending; Stoneshield raises €1.5bn in six months for a fund targeting Southern Europe; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: MonticelloAM’s nursing home bet; Arbor Realty’s Chicago apartment financing; Madison Realty’s South Miami build-up

MonticelloAM is providing a $435 million financing package for a Maryland skilled nursing portfolio; Arbor Realty Trust is backing RIG Capital’s multifamily acquisition in Chicago with a $167 million mortgage; Madison Realty Capital is adding a $91.8 million construction loan to a South Miami mixed-use property‘s capital stack; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Patron kicks off lending strategy with two UK loans, pbb and Helaba provide €185m for Prague office park, Barclays issues £180m to Edmond de Rothschild

Patron Capital Partners kicks off its lending strategy with the provision of £107 million (€124 million) of loans in the UK; pbb Deutsche Pfandbriefbank and Helaba provide a €185 million refinancing facility to Crestyl Group for its Prague office park; Barclays issues a £180 million green refinancing facility to Edmond de Rothschild REIM backed by five build-to-rent assets; 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.

DOWNLOAD: The latest CRE lending data

The most important UK and Continental European commercial real estate deals collected in our database, updated every Friday.