Insight

GoldenTree, Farran tap Canada Life for £68.4m loan

The loan will be used to refinance debt on Lakeside Retail Park in Essex, a property the partners acquired for £114m in March.

Münchener Hyp sees third consecutive annual drop in real estate lending

The German-focussed lender said a pronounced market recovery was not yet in sight.

Mubadala backs Fortress for $1bn private credit deployment plans

The sovereign investor will tap into existing real estate, asset-based lending and private credit strategies from Fortress alongside the manager’s existing capital pools.

Walker & Dunlop expands European advisory arm

The US firm has made a significant hire after establishing a London-based brokerage in February.

Loans in Focus: Starwood Capital deploys in Germany; SEGRO secures €1.6bn revolving credit facility; Wells Fargo and Deutsche Bank finance Irish residential

Starwood Capital issues a €437 million loan secured by thousands of German residential units; SEGRO receives a €1.6 billion revolving credit facility; Wells Fargo and Deutsche Bank provide Kennedy Wilson and AXA IM Alts with a $510 million refinancing facility secured by an Irish residential portfolio; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the last two weeks.

Blackstone replaces Citi as lender in £153m refinancing

The loan refinances a portfolio of four UK logistics assets owned by Brookfield and Copley Point Capital.

Term Sheet: A long-awaited London office refinancing, Blackstone goes to Norway, Leumi UK writes back leverage loan

The Aldgate Tower office building in London is refinanced following extensions to its outstanding debt; Blackstone completes its first Norwegian property lending deal as alternative lenders explore the Nordics; Leumi UK arranges a loan-on-loan facility for a UK manager; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Pretium’s SFR deal stasis; Affinius’s senior debt strides; Mesa West’s Georgia grab

Pretium places a $788.5 million single-family residential financing on pause as securitized deals walk a tightrope of macro-market volatility; Affinius stays in the senior lending driver seat with a $148.5 million financing in San Diego; Mesa West finds more than collegiate football success in Georgia with a $134 million student housing refinancing deal; and more in today’s Term Sheet, exclusively for our valued subscribers.

CaixaBank finances €300m Spanish portfolio acquisition

The loan facilitates IBA, Batipart and Covéa’s acquisition of a four-asset, mixed office and logistics portfolio spread across Madrid and Barcelona from AXA.

Segro secures €1.6bn revolving credit facility

An existing syndicate of eight banks led by NatWest provided the five-year loan.