Insight

NPLs increase for major German-headquartered real estate lenders

US offices will continue to weigh on banks exposed to the sector, Morningstar has warned.

Data center specialist Colovore taps Blackstone for $925m debt facility

Colovore, an owner-operator of liquid-cooled data centers, will use the financing to expand its portfolio in major US markets.

Loans in Focus: ESR subsidiary funds UK housing, lenders back Fortress and Lion leisure acquisition, Nordea provides €160m for Finnish residential

Venn, part of Hong Kong’s ESR Group, issues a £200 million (€236 million) loan to developer Vivid Homes; OakNorth and other members of a lender club provide a £190 million facility to Fortress Investment Group and Lion Capital; Nordea Bank supports eQ Group with a €160 million loan secured by residential properties in Finland; 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.

Invesco closes inaugural CRE CLO at $1.2bn

The portfolio consists of an estimated 55% of multifamily loans and 45% industrial loans.

Firma Partners scales development lending business with third loan

The lender launched in September 2024 to target the UK residential market.

Term Sheet: A UK lending uptick, Brookfield bullish on credit, Germany’s debt challenges

The latest survey of the UK commercial real estate lending market by Bayes Business School highlights positives and negatives for the sector; Brookfield indicates its ambitions in private credit, including real estate debt; CBRE highlights the continued debt funding gap facing Germany’s property sector; and more in today’s briefing, exclusively for our valued subscribers.

Finland’s eQ Group taps €160m refinancing from Nordea

The Helsinki-based manager has used the financing to restructure its residential portfolio.

Term Sheet: Fed’s rate fortitude; Durst’s Manhattan recharge; Hudson Bay’s credit fund close

Commercial lenders have some room to let current investment theses breathe with the Federal Reserve keeping rates unchanged; The commercial mortgage-backed securities market gets another office boost with a $250 million refinancing for the Durst Organization; Hudson Bay has more than $300 million of dry powder lined up with the close of its inaugural real estate credit fund; and more in today’s Term Sheet, exclusively for our valued subscribers.

Brookfield set to double down on private credit

The manager also reported on its latest earnings call it had increased its stake in Oaktree Capital Management, the primary vehicle through which it invests in European real estate credit.