Insight

Term Sheet: Swap rates ease for now, Cheyne takes over London scheme, Blackstone plans NEC refinancing

Swap rates have eased on news of an Iran ceasefire but uncertainty persists for real estate borrowing markets; Cheyne is reported to have taken ownership of a London mixed-use scheme; Blackstone appoints an investment bank to lead a major refinancing of the NEC in Birmingham; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: NGC’s Nevada flip; Tikehau and Brodsky’s credit collab; Madison Realty’s senior upgrade

Nuveen Green Capital is backing revitalization plans for the former Cal Neva Hotel in Lake Tahoe with a state-record $223m C-PACE financing; Tikehau Capital and The Brodsky Organization are looking to boost their US real estate credit presence through a $500m initiative; Madison Realty Capital is promoting Samir Tejpaul to spearhead investments across debt and equity platforms; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: JPMorgan’s Brooklyn advance; NGC’s Nevada C-PACE; 3650’s preferred Chicago piece

JPMorgan Chase takes out Madison Realty Capital’s construction loan on a downtown Brooklyn multifamily tower with a $765 million financing; Nuveen Green Capital helps redevelop a historic hotel property in Lake Tahoe with a $223 million C-PACE loan; 3650 Capital originates a $104 million preferred equity investment to support a Chicago apartment portfolio; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Cheyne issues €288.6m in Paris; London’s Olympia receives £925m refinancing; CTP secures loan for Vietnamese expansion

Cheyne Capital provides a €288.6m loan to support a value-add repositioning of Parisian asset; Deutsche Bank issues £925m (€1.1bn) secured by London’s Olympia; SMBC leads Asian lender consortium to provide logistics developer CTP with €280m financing; 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.

Term Sheet: PERE Credit’s April-May issue; DOL’s private funds proposal; SBCERA’s resi allocation

First-time and spinout real estate credit managers get their time in the limelight in the cover story of PERE Credit’s April/May issue; The US Department of Labor wants to clarify litigation risks for private fund managers aiming to access the defined contribution retirement plan market; San Bernardino County Employees’ Retirement Association is keeping its real estate allocation pace intact with a $150 million commitment to TPG; and more in today’s Term Sheet, exclusively for our valued subscribers.

Deutsche Bank to provide £925m senior loan for Olympia redevelopment

The German backers of the London project have agreed to inject £500m of equity as part of the refinancing.

Term Sheet: CTP’s Asian loan, a refinancing for Olympia, BNPP AM Alts on defence spending

Logistics developer CTP taps the Asian banking market for its latest borrowing deal; a refinancing of London’s Olympia project is reported, including a significant equity injection; BNP Paribas AM Alts provides its take on the impact of defence spending on real assets; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: New York’s office-to-resi strides; Madison Realty’s East Coast endeavors; Axonic’s Bay Area backing

Derby Lane, BHI and Naftali Credit Partners are adding to New York City’s office-to-residential activity through distinct Manhattan deals; Madison Realty Capital is taking its debt funding across the East Coast to maintain its multifamily and residential exposure; Axonic Capital is backing the Bay Area’s retail market with the refinancing of a San Francisco financial district staple; and more in our round-up of stateside loan deals from the past week.