The New York-based alternative lender originated the loan on behalf of MCR Hotels and Island Capital Group.
2 min read · 17 November 2023
Affiliate title PERE’s America Forum puts debt center stage; Fannie Mae and Freddie Mac will be tapering their multifamily lending caps by $5 billion each under 2024 guidance; CBRE research shows insurance lenders are gaining market share as banks and private credit managers cede ground; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 17 November 2023
The US commercial mortgage-backed securities market is gearing up for a strong finish to 2023 after a tepid year of issuance.
3 min read · 14 November 2023
The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,’ according to CEO Jon Winkelried.
3 min read · 14 November 2023
As insurance costs rise, the commercial real estate market is assessing the impact of natural disasters on a local and asset-specific basis.
4 min read · 09 November 2023
WeWork’s Chapter 11 bankruptcy filing will affect nearly $19 billion of outstanding commercial real estate debt; PCCP kicks off fundraising efforts for another real estate credit strategy to succeed its $1.7 billion predecessor; the office conversion wave gains more momentum with the planned redesign of New York’s iconic Flatiron Building; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 09 November 2023
The Irvine, California-based manager will acquire properties on an all-cash basis before lining up debt when interest rates normalize.
3 min read · 09 November 2023
The Miami-based workforce housing specialist has two deals in the pipeline.
3 min read · 08 November 2023
Taking charge of the pension giant’s $50bn AUM property business is a daunting task. But Julie Donegan is prepared for the challenge.
10 min read · 08 November 2023
