Insight

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.

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.

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.