Insight

Term Sheet: The Fed’s waiting game; BSP’s securitized spark; Savills’ Eastdil acquisition

Private real estate managers banking on continued interest rate cuts this year were met with a pause from the Federal Reserve and signals for further stalls ahead; Benefit Street Partners added to the commercial real estate collateralized loan obligation market’s momentum with a $1.1 billion offering; Savills and Eastdil Secured are set to further concentrate the global real estate credit advisory market with their merger; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Alexico’s refinancing blend; Ares’ fresh open-air retail debt; Peachtree’s beachfront bridge

Alexico Group lined up a $345m refinancing package for The Mark Hotel with a mix of capital from Deutsche Bank, JPMorgan Chase and BDT & MSD Partners; Ares Management is getting a slice of trophy retail in Southern California through a $447m acquisition loan for Victoria Gardens; Peachtree Group is building its lending momentum through a $103m recapitalization and construction completion financing in Miami Beach; and more in our round-up of stateside loan deals from the past week.

Puma gains firepower via £500m KKR living sectors partnership

The capital will enable the UK lender to offer more competitively priced loans to residential borrowers.

Loans in focus: A €400m Danish refinancing, Nordic banks back developer JM, Oxford and Hines source financing for London scheme

Nordea provides €400m to refinance a portfolio of Danish assets for manager Rubik Properties; five Nordic banks club together to back residential developer JM; Oxford Properties and Hines source financing for their redevelopment of 10 Paternoster Square in London; 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.

Iran war looms large over MIPIM

The potential impact of the developing crisis was the key topic of discussion in Cannes.

Term Sheet: Middle East conflict dominates talk at MIPIM, Savills buys Eastdil, KKR and Puma team up

The crisis in the Middle East is on delegates’ minds at this year’s MIPIM; Savills acquires Eastdil Secured in a $1.1bn deal; KKR partners with Puma Property Finance on a UK residential lending strategy; survey finds back leverage strategies being rapidly adopted in Europe; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: MIPIM’s US reflections; Avila’s sequel milestone; LACERS’ credit commitments

Market participant sentiment at MIPIM shows eyes are focused on the future of the US office sector; Avila Real Estate Capital has more institutional commitments inbound on its path to a $1bn real estate credit strategy raise; LACERS ups its real estate credit allocations with commitments to BDT & MSD Partners and Wolff Company; and more in today’s Term Sheet, exclusively for our valued subscribers.