Insight

Bayview targets German funding gap through €500m debt JV

The US firm has written its first loan in the country, in partnership with Swiss manager Patrimonium.

Term Sheet: Brookfield aims to sell CMBS-financed tower, Affinius gets off the mark, data centres tipped as a securitisation target

Brookfield is reported to be close to selling Citypoint, the London office tower that secures outstanding CMBS debt; US manager Affinius writes its first European property loan; Morningstar expects data centres to play a significant role in securitisation; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: Blue Owl’s Wynwood stake; ACORE’s DC office debt; Affinius’s Murray Hill move

Blue Owl Capital is tapping into Florida’s financing surge with a $335 million bridge loan for a mixed-use complex in Miami’s Wynwood district; ACORE Capital is backing the acquisition of a Washington, DC, office asset with a $118.5 million loan; Affinius is supplying $115 million of refinancing capital in New York’s residential market; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Standard Chartered and Crédit Agricole finance Berlin data centre campus, Affinius writes its first European loan, Cerberus refinances UK PBSA with £63m

Standard Chartered and Crédit Agricole provide a €210 million financing to facilitate the development of a data centre campus in Berlin; Affinius Capital issues an £80 million (€92 million) loan to refinance two purpose-built student accommodation assets in the UK in its European lending debut; Cerberus Capital Management refinances UK PBSA assets owned by Zenzic Capital and developer Torsion Group; 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.

111 Wall Street: A new life for a mid-century office

InterVest has secured an $867m financing package to convert the long‑vacant building into a 30‑story luxury residential tower, marking one of the largest single‑asset office‑to‑residential conversions in the market.

Standard Chartered and CACIB provide €210m for Berlin data centre

The loan supports the construction of Virtus Data Centres’ Marienpark campus.

Term Sheet: Private credit’s residential resolution; Apollo’s in-house deal; CSIM’s real estate alignment

The February/March edition of PERE Credit’s magazine breaks down opportunities in the residential sector as affordability and availability issues persist; Apollo Global Management is shuffling its real estate debt lines with ARI’s move to sell a $9 billion loan portfolio to affiliate Athene; CenterSquare Investment Management is blending its private real estate debt and equity teams under a fresh co-CIO; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: The Squaire debt deferred, Apollo’s $9bn loan transfer, Alantra corrals capital

The owner of Frankfurt’s mixed-use The Squaire is granted more time to repay its securitised debt; Apollo shifts $9 billion of commercial real estate loans from the public to the private market; Alantra holds a first close on its latest debt fund as it aims to expand its lending across Europe; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: OZK’s Florida condo addition; Bain’s Broadway spotlight; SMTB’s LA residence

Construction financing activity has been a steady fixture for Florida with Bank OZK adding to the momentum with a $323.8 million condominium development loan; Bain Capital is backing the refinance of 1375 Broadway in Manhattan with a $213 million debt package; Sumitomo Mitsui Trust Bank heads to the West Coast for an $80.8 million construction financing deal in Los Angeles; and more in our round-up of stateside loan deals from the past week.