Insight

Term Sheet: CREFC’s New York tune; KKR’s $1bn mile marker; NPS’s US debt demand

Commercial real estate lenders are bracing for a change in market tune, as observed at CRE Finance Council’s annual New York conference; KKR is holding a steady fundraising rhythm with the $1bn first close of its latest real estate credit strategy installment; NPS sees the US market as prime for increasing its real estate credit presence; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Tyko’s Texas debut; Leumi UK’s healthcare play; BREDS and JPMAM’s IOS collab

Tyko Capital has entered the Texas market with an $870m construction loan, adding geographic diversity to its lending book; Leumi UK completed its largest-ever UK healthcare financing via a £100m revolving credit facility; a Blackstone and JPMorgan Asset Management venture funded a $281m industrial outdoor storage loan; and more in our round-up of global loan deals from the past week.

Loans in focus: 600 California’s recap; S3’s student housing lift; Peregren’s SoCal life science backing

San Francisco’s resurgence is being spurred by a Lone Star-backed acquisition of the office tower at 600 California; S3 Capital is expanding its development focus toward student housing with a $131.5 million deal in Manhattan’s Washington Heights submarket; Peregren Capital is making a substantial debt stake in a San Diego area life sciences property with a $290 million financing package; and more in our round-up of global loan deals from the past week.

As REC Europe signs off, welcome to a global PERE Credit

From Monday, our coverage of Europe’s property debt market will form a crucial part of PEI Group’s global real estate private credit brand.

Stoneweg appoints new real estate credit head as deployment urgency rises

Rafael Cerezo, the chief executive of Stoneweg Alternative, says the firm will work to meet investor demand for partnership structures.

Term Sheet: PERE Credit’s global expansion; Ares’ $850 million debt fundraising; MonticelloAM’s skilled nursing bet

PERE Credit is expanding its mandate globally for the private real estate lending industry, starting June 1; Ares Management completed a first close for its first closed-end real estate debt vehicle, more than halfway toward its $1.5 billion target; MonticelloAM is doubling down on healthcare real estate with a $435 million financing to a skilled nursing portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.

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.