Insight

Term Sheet: Grubb’s FiDi high-rise; Incus’ latest close; Federal Reserve’s policy projection

Residential development in New York City is being spurred further by private real estate debt with a Maxim Capital-led $377 million construction financing; Incus Capital has held the second close of its latest strategy geared in part toward real estate credit en route to an €800 million target; interest rates in the US could rise before year-end according to revised outlook research from Park Madison Partners; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Firma’s London office conversion; Grubb’s Manhattan high-rise; Cheyne’s Spain cold-storage stash

Firma Partners are fueling more office-to-living conversion activity with a £113 million ($150.7 million, €131.9 million) redevelopment deal near London; Grubb Properties has secured a blend of private senior and mezzanine real estate debt to build a luxury high-rise in Manhattan; Cheyne Capital is keeping cool and active in Spain with a €31 million cold storage construction debt package; and more in our round-up of global loan deals from the past week.

Term Sheet: Insurer demand for real estate credit in the spotlight; Kayne Anderson’s lift-out; Aviva’s Dutch deal

The July/August edition of PERE Credit debuts with cover analysis diving into insurance allocators’ rising demand for real estate credit; Kayne Anderson Real Estate and its debt business are on the move as part of Bridgepoint’s $1.39 billion acquisition of the manager; Aviva Investors is adding Dutch office sector exposure through a €168 million loan to support 19 assets; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Reef’s Hawaii resort revive; Aviva’s Dutch office deal; Mesa West’s PNW refi

Reef Capital Partners secured a $430.9 million mix of senior and C-PACE financing from X-Caliber Rural Capital and CastleGreen Finance to revitalize Hawaii’s Coco Palms Resort; Aviva Investors is backing a Time Equities-owned Dutch office portfolio with a €168.1 million financing deal; Mesa West is adding to its multifamily activity with an $82.5 million refinancing package for a Seattle-area community; and more in our round-up of global loan deals from the past week.

Term Sheet: Brookfield’s European expansion; Invesco’s record H1; Madison Realty’s office-to-resi return

Brookfield puts its European lending initiative into action with the funding of a £500 million ($661 million; €580 million) acquisition package; Invesco is outlining global ambitions of its own on the back of its record €710 million of European originations in H1; Madison Realty Capital is driving more office-to-residential conversion momentum across New York City with a $480 million financing closed; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Madison Realty’s Broadway revival; Cheyne’s hospitality help; Invesco REIT’s CLO sequel

Madison Realty Capital is backing the residential conversion of 1740 Broadway with a $480m financing, adding to its redevelopment funding in New York City; Cheyne Capital provided acquisition financing for a Central London hospitality portfolio repositioning; Invesco Commercial Real Estate Finance Trust adds securitized momentum with a sequel $1.2bn issuance; and more in our round-up of global loan deals from the past week.