Insight

Term Sheet: REC Europe transitions to PERE Credit, Ares builds firepower, Stoneshield’s quickfire fundraising

As Real Estate Capital Europe’s coverage becomes a key element of our soon-to-be globalised affiliate PERE Credit, we bring you our final REC Europe Term Sheet; Ares Management is reported to have raised more than half its target as it gathers capital for US and European lending; Stoneshield raises €1.5bn in six months for a fund targeting Southern Europe; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: MonticelloAM’s nursing home bet; Arbor Realty’s Chicago apartment financing; Madison Realty’s South Miami build-up

MonticelloAM is providing a $435 million financing package for a Maryland skilled nursing portfolio; Arbor Realty Trust is backing RIG Capital’s multifamily acquisition in Chicago with a $167 million mortgage; Madison Realty Capital is adding a $91.8 million construction loan to a South Miami mixed-use property‘s capital stack; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Patron kicks off lending strategy with two UK loans, pbb and Helaba provide €185m for Prague office park, Barclays issues £180m to Edmond de Rothschild

Patron Capital Partners kicks off its lending strategy with the provision of £107 million (€124 million) of loans in the UK; pbb Deutsche Pfandbriefbank and Helaba provide a €185 million refinancing facility to Crestyl Group for its Prague office park; Barclays issues a £180 million green refinancing facility to Edmond de Rothschild REIM backed by five build-to-rent assets; 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.

DOWNLOAD: The latest CRE lending data

The most important UK and Continental European commercial real estate deals collected in our database, updated every Friday.

Term Sheet: US 10-year Treasury on watch; Industrial Realty and Sachem’s blend; Värde’s $1bn securitization

Private real estate credit managers are keeping sights fixed on the US 10-year Treasury with mid-term outlooks potentially needing to be retooled; Industrial Realty Group and Sachem Capital are merging to form an industrial sector origination and ownership platform; Värde Partners closes its largest commercial real estate collateralized loan obligation to date in $1 billion transaction; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Brookfield’s Hudson Yards refi; UBS’s Chelsea boost; New York Life’s Chicago backing

Brookfield is securing a $1.9 billion CMBS SASB loan for an office tower in its Hudson Yards development portfolio; UBS is funding a $161 million loan to refinance an office building in Manhattan’s Chelsea submarket; Hines lines up a $141.82 million financing for a multifamily property in Chicago’s River North submarket; and more in our round-up of stateside loan deals from the past week.

Värde Partners closes $1bn collateralized loan obligation

The transaction comes as the CRE CLO market is seeing robust origination momentum in 2026.