Insight

Valor tests French financing market with €148m of logistics loans

German lender pbb Deutsche Pfandbriefbank provided two facilities to the UK manager.

Loans in focus: S3’s Florida mixed-use funding; TD and RXR’s Charlotte resi collab; MF1’s Jersey multifamily recap

S3 Capital continued its construction lending streak with the funding of a $344.75 development financing package for a mixed-use project in Florida; TD Bank and RXR are financing the construction of a Charlotte multifamily project with a $100.5 million debt and equity capital blend; MF1 Capital adds to its debt portfolio with a $109.5 million refinancing deal in New Jersey; and more in our round-up of stateside loan deals from the past week.

Nordic borrowers approach fewer than four lenders, Aera research shows

A survey by the firm shows lending in the region remains concentrated with a limited number of providers.

Loans in focus: Blackstone refinances nine PBSA assets, lender club provides £450m for luxury London hotel, Generali finances Madrid’s Four Seasons with €330m

US manager Blackstone secures a €657.5 million refinancing for its iQ Student Accommodation platform; a club of lenders including Doha Bank refinances London’s Chancery Rosewood hotel with a £450 million (€519 million) senior loan; Generali Real Estate provides a €330 million refinancing for Madrid’s Four Seasons Hotel; 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.

MERA targets preferred equity gap as UK development capital tightens

A US credit firm has provided the specialist real estate lender with £100m of capital for the strategy.

Term Sheet: A £450m London hotel refinancing, BGO’s Dublin exit, nominations requested for PEI Group’s Women of Influence

Qatari Diar turns to a banking consortium to refinance the luxury hotel it built on the site of the former US embassy in London; BGO’s debt chief explains the firm’s exit from a Dublin development; nominations are now open for PEI Group’s latest Women of Influence in Private Markets list; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Fed forward planning; Mortgage REIT stability; Securing data center slices

The Federal Reserve is holding interest rates steady as more potential economic stressors loom; Mortgage real estate investment trusts are originating slow and steady through the first quarter this year; Data center securitization activity shows more private real estate debt promise for secondary entry points; and more in today’s Term Sheet, exclusively for our valued subscribers.

Eldridge enters Swiss market with three development loans

The alternative lender said borrowers are struggling to source construction loans as bank liquidity dries up.

Clearbell and Deva source £150m refinancing for UK logistics JV

The facility, designed to support the growth of the partners’ portfolio, was provided by HSBC UK.