Insight

Loans in focus: Tyko’s Florida construction fuel; Ladder Capital’s New York office bet; Maxim’s Brooklyn multifamily intervention

Tyko Capital is reupping its condominium development activity in South Florida with a $360 million construction loan for a tower in Hollywood; Ladder Capital is supporting Sovereign Partners’ acquisition of an office along New York City’s Fifth Avenue with a $268 million loan; Maxim Capital Group is backing the acquisition of debt linked to a Brooklyn multifamily development with $53.2 million of financing; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Fiera refinances Reading office scheme, Aareal issues €220m to Finnish developer, Spain’s All Iron secures €200m loan

Fiera Real Estate Debt Strategies provides a £115 million (€133 million) loan to refinance an office scheme in Reading; Aareal Bank issues Finnish real estate company Citycon with a €220 million senior credit facility; Banco Santander and BBVA are among lenders providing Spain’s All Iron RE I Socimi with a €200 million loan; 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.

BGO recoups loan capital in exit from stalled Dublin development

Receivers sold the Camden Yard scheme three years after construction halted.

What is the value of a capital adviser?

Chatham Financial’s acquisition of Hodes Weill reflects how the placement agent’s role in private real estate continues to evolve.

Term Sheet: Starwood’s $1.72bn recap; ACORE and Mavik’s blend; KKR’s global lending leadership

Starwood Capital has scored a critical agency refinancing line with $1.7bn of capital set to back a 12,955-unit affordable and workforce housing portfolio; ACORE Capital and Mavik Capital are blending senior debt and preferred equity to complete and lease-up a multifamily project in Washington; KKR has globalized its lending operations with the promotion of Joel Traut to oversee the firm’s full platform; and more in today’s Term Sheet, exclusively for our valued subscribers.

Real estate lenders playing a distinct role in data centres, says ING infra expert

The bank’s global head of digital infrastructure advisory says real estate finance will have an important but limited role in the sector.

Czech developer plans Polish residential push following Apollo loan

Prague-based Crestyl sourced a €165m loan from the US manager to refinance its Polish platform, Spravia.

Term Sheet: BNP Paribas plans an SRT, a UK retail CMBS gets underway, MERA eyes preferred equity deals

BNP Paribas is the latest European bank to explore a synthetic risk transfer transaction; a fresh securitisation of London’s Westfield Stratford City shopping centre is set to boost CMBS volumes; MERA Investment Management gets backing for a preferred equity strategy; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: Helaba’s Austin refi; Goldman’s Manhattan bridge; SCALE’s office conversion

International debt funding is two-stepping into Texas with Helaba’s $200 million refinancing package for a luxury apartment project in Austin; Goldman Sachs Alternatives is picking up debt exposure in Manhattan’s Chelsea submarket through a $148.7m bridge loan; SCALE Lending is spurring more office-to-residential conversions in New York City with a $108m financing package; and more in our round-up of stateside loan deals from the past week.