Insight

Castlelake’s D’Alessandro says lender is filling ‘white space’ with €850m deal

The manager sourced and arranged a German multifamily transaction, and provided the mezzanine portion.

Term Sheet: pbb Deutsche Pfandbriefbank ends ‘poisonous’ US relationship; Aareal Bank ramps up property lending in Q1 2025; DeA Capital obtains €550m from a club of lenders

Frankfurt-headquartered pbb Deutsche Pfandbriefbank ends ‘poisonous’ relationship with the US; Germany’s Aareal Bank sees property lending up markedly in Q1 2025; Rome-based manager DeA Capital obtains €550 million from a conglomerate of European banks; and more in today’s briefing, exclusively for our valued subscribers.

Wells Fargo, Bank of America lead $650m SASB Boston office refinancing 

The financing for a Carr Properties JV is among a slew of commercial mortgage-backed securities loans originated after the tariffs-induced market pause.

Zenzic secures £45m back leverage loan from Cynergy Bank

The funding line will allow the manager to lend in larger ticket sizes.

Loans in focus: Nuveen issues £151m for London PBSA, Investec leans into UK logistics, Puma Property Finance backs Kier Property

Nuveen Real Estate issues a £151 million (€179 million) loan to developer urbanest; Investec provides £44.2 million to Fiera Real Estate; Puma Property Finance issues Kier Property with a £21 million facility; 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.

Aexx issues €45m in Spanish residential as banks approach the sector with caution

The lender is seeing more opportunity in residential development as banks align with Basel IV regulations.

The case for real estate private credit has only strengthened

Managers are increasingly highlighting the stabilizing influence of credit investments in a private real estate portfolio.

Term Sheet: Madison acquires Puma stake, Aroundtown buys back bonds, Starwood courts insurers

New York-headquartered investment firm Madison International Realty purchases a quarter-stake in a UK property lender; Frankfurt-listed Aroundtown buys back bonds as it addresses its debt; US manager Starwood aims to provide insurers with access to its real estate debt activities; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Blackstone’s data backing; Invesco’s $1.2bn CRE CLO; Starwood’s insurance CIO hire

Blackstone is increasing data center credit exposure across its real estate portfolio with a $925 million debt facility for sector specialist Colovore; Invesco adds $1.2 billion of securitized market momentum with its inaugural CRE CLO close; Starwood adds an insurance strategies investment chief to its ranks to bulk its credit expertise; and more in today’s Term Sheet, exclusively for our valued subscribers.

Hayfin on why it is deploying special situations capital into performing loans

The London-headquartered manager has €2bn of dry powder for a range of deals in Europe.