Insight

Eldridge originates first Italian refinancing with €85m office loan

The lender sees Italy as a ‘compelling’ market as it continues its expansion in Continental Europe.

Term Sheet: NatWest’s SRT plans, Blackstone’s social housing CMBS, Quintain’s Wembley loan

UK bank NatWest is reported to be exploring a commercial real estate synthetic risk transfer transaction; Blackstone turns to the CMBS market to refinance social housing units; Quintain sources finance for assets at its Wembley Park build-to-rent estate; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: RXR’s Midtown refi; Marathon’s Lone Star lending; Apollo’s acquisition backing

High-quality office continues attracting institutional capital with an RXR Realty-led venture securing a $407 million refinancing for 450 Lexington Avenue; Marathon Asset Management channels $235 million of senior debt into senior housing to support a Lone Star Real Estate-affiliated portfolio refinancing; Apollo Global Management is backing a swath of hotel purchases with a $363 million financing alongside $45 million of structured financing from Ascendant Capital Partners; and more in our round-up of stateside loan deals from the past week.

Natixis provides £310m to Quintain for two Wembley Park assets

The loan enables Quintain to continue deleveraging its London build-to-rent campus.

PGIM lends €325m against grocery-anchored German retail portfolio

The refinancing of 85 assets was provided to retail owner Centerscape.

Aviva refinances central London office portfolio with £235m loan

The facility is secured by multiple assets owned by private group Lazari Investments.

Lenders set to reignite Sun Belt multifamily market 

A sharp fall-off in new construction is reshaping the Sun Belt multifamily market, creating near-term opportunity for lenders and investors seeking development opportunities.

Loans in focus: Brookfield issues €220m to Marshall Yards, six banks refinance Ghent office, Maslow provides £117m construction loan

Brookfield issues a €220 million loan to refinance debt on an Irish 550-bed build-to-rent scheme; six banks refinance a Belgian office with a €119 million facility; Maslow Capital supports the construction of a London 609-bed PBSA scheme, with £117 million (€134 million) of debt; 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.

Pluto’s £2bn bet with Blackstone affirms pan-European expansion

The managing director of Pluto Finance, Ciaran Singh, explains the strategy behind its recent tie-up with Blackstone.