Proposed changes to existing regulations are expected to make it easier for sponsors to obtain this emerging form of financing.
4 min read · 30 October 2023
New Jersey manager continues West Coast lending momentum with agency deals for the Sobrato Organization.
2 min read · 26 October 2023
Goldman Sachs reduces the value of its balance sheet real estate portfolio by one-third to reduce sector exposure risk; Citibank and Deutsche Bank originate a $410 million refinancing package for a pair of Four Seasons resorts in Florida. Plus: Bain Capital’s special situations unit and Smith Hill to start targeting debt and preferred equity opportunities via a joint venture; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 26 October 2023
Miami manager will allocate $175m toward providing debt financing for value-add and distressed opportunities.
2 min read · 26 October 2023
The Miami-based firm has garnered investments from some of the biggest institutional investors including CalSTRS and Mubadala.
2 min read · 25 October 2023
The New York-based banking giant has been working to actively reduce its balance-sheet exposure to the sector since the start of the year.
3 min read · 25 October 2023
The concern is that when rate cuts finally happen, the magnitude of these cuts could be lower than expected.
6 min read · 24 October 2023
The joint venture secured a $750m floating-rate CMBS deal backed by a pair of luxury Florida resort properties.
3 min read · 24 October 2023
The firm cited concerns over the workouts of New York’s 1740 Broadway, which has seen its servicer replaced twice since entering special servicing.
5 min read · 23 October 2023
Trinity Investments lands its third major hotel financing of 2023; PGIM Real Estate maps out a succession plan for its agency lending leadership; KBRA outlines CMBS stress on the heels of Rite Aid’s bankruptcy filing; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 19 October 2023
