Commentary

Fallout from MFS threatens to place residential private credit in the crosshairs

There is a wide gulf between the fraud allegations facing UK-based residential bridge lender MFS and institutional commercial real estate private credit.

Tyko’s latest Florida construction loan demonstrates rising lender specialization

As construction financing demand returns, real estate private credit managers are picking their niches by location and type of project.

Starwood’s $1.72bn Freddie Mac refinancing demonstrates continued GSE impact

Fannie Mae and Freddie Mac have been steadfast sources of US market liquidity alongside private lenders as borrowing pressures rise.

Nuveen Green Capital’s latest C-PACE financing shows expanded use

The firm’s $223m anchor loan to revitalize the former Cal Neva Hotel in Lake Tahoe, Nevada, signals an effort to return the storied property from road bumps to another heyday.

Time to shift the dial on representation in real estate private credit

More seasoned executives are launching their own platforms and a greater proportion are women.

Bay Area sees rise in deeds-in-lieu sale as lenders move on distressed assets 

Potential investors see a brighter future for distressed properties as rental rates rise and job growth accelerates.

Ares’ SoCal retail trophy financing demonstrates private credit expansion

The Los Angeles-based manager picks up exposure to the kind of hard-to-replicate asset that previously was most often financed by bank lenders and the securitized market.

Real estate credit is shoring up for knock-on effects of the US-Iran conflict

Higher oil prices seen since the start of US and Israeli military strikes on Iran could affect the cost of debt if interest rates go into flux.