Insight

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.

EdgeConneX deal signals more data centre securitisations ahead

The EQT-backed operator was the third data centre owner to tap the region’s capital markets.

BNP Paribas’ Scemama: ‘You can’t treat the capital differently’

As the dust settles on BNP Paribas’ acquisition of AXA IM, Isabelle Scemama says aligning different types of capital is a priority for the group’s recently merged alternatives business.

CTP turns to Asian banks for circa €280m financing

The Dutch logistics developer can use a portion of the proceeds for its proposed expansion into Vietnam.