News Analysis

Alternative lenders striking bank partnerships to restructure, acquire maturing loans

As banks seek to address commercial real estate exposure, alternative lenders are stepping in to acquire or help restructure loans.

Canyon’s Potts sees stressed situations rise as borrowers hit maturity walls

Today’s market requires a lot of creativity because a lot of solutions that sponsors are looking for on assets that have capital needs are not necessarily available.

PGIM Real Estate’s McDonnell sees pivot toward shorter-term loans

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

Monroe Capital doubles down on Second Avenue stake

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

Steinbridge creates debt capital markets, capital raising role ahead of $1.3bn pipeline push 

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.

Apollo launches European real estate debt fund

New vehicle is the firm’s first commingled fund for its global commercial real estate credit business.

S3 Capital plots more New York housing deals despite affordable tax incentive lapse 

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities.

Term Sheet: A Blackstone-sponsored $2.35bn CMBS deal debuts; Lightstone’s $500m rescue capital platform; Starwood’s $252m refi on Houston office tower

The industrial sector shows why it remains a lending beacon, this week drawing a Blackstone-sponsored $2.35 billion CMBS deal; Lightstone Group joins the wave of managers launching rescue capital platforms with sights set on disrupted capital stacks; Starwood continues its show of force, this week originating a $252 million refinancing package for Houston’s TC Energy Center office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.

CBRE IM identifies financing gap for modern logistics space 

Approximately 83% of logistics properties were constructed prior to 2000, the firm found.

Lightstone launches $500m rescue capital platform

The New York-based manager will make investments in disrupted commercial real estate capital stacks.