Loans In Focus

Term Sheet: PERE Credit’s global evolution and 2025 award winners; JPMorgan AM’s five-year view; Real estate credit’s rapport build

PERE Credit reveals global purview expansion plans; Accolades for the US commercial real estate credit market go live this week with the reveal of PERE Credit’s 2025 awards; JPMorgan Asset Management makes the case for asset selection over aggregation as alternative sectors further institutionalize; Real estate credit managers look for a reputational split with broader private credit markets during a volatile period; and more in today’s Term Sheet, exclusively for our valued subscribers.

Loans in focus: Apollo’s Broadway conversion; Brevet’s Philly build-up; Zenith and JPMorgan AM’s IOS anchor

Apollo Global Management is adding to New York City’s office-to-residential conversion queue with a $420m loan for RXR’s reconfiguration of 61 Broadway; Brevet Capital is building up Philadelphia with the addition of a residential tower backed by debt funding from Banco Inbursa; Zenith IOS has more grounds and a $130m credit facility for its industrial outdoor storage expansion alongside JPMorgan Asset Management; and more in our round-up of stateside loan deals from the past week.

Loans in focus: PGIM finances German retail with €325m loan, Morgan Stanley issues €1.7bn in the data centre sector, Catena borrows €627m for Nordic industrial assets

PGIM Real Estate provides a €325 million loan secured by German retail; Morgan Stanley underwrites a data centre platform with a €1.7 billion facility; Swedish real estate investment trust Catena receives €627 million to finance its purchase of industrial assets in Sweden, Finland and Denmark; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Loans in focus: RXR’s Midtown refi; Marathon’s Lone Star lending; Apollo’s acquisition backing

High-quality office continues attracting institutional capital with an RXR Realty-led venture securing a $407 million refinancing for 450 Lexington Avenue; Marathon Asset Management channels $235 million of senior debt into senior housing to support a Lone Star Real Estate-affiliated portfolio refinancing; Apollo Global Management is backing a swath of hotel purchases with a $363 million financing alongside $45 million of structured financing from Ascendant Capital Partners; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Brookfield issues €220m to Marshall Yards, six banks refinance Ghent office, Maslow provides £117m construction loan

Brookfield issues a €220 million loan to refinance debt on an Irish 550-bed build-to-rent scheme; six banks refinance a Belgian office with a €119 million facility; Maslow Capital supports the construction of a London 609-bed PBSA scheme, with £117 million (€134 million) of debt; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Loans in focus: L&G refinances central London offices, Finland’s Kojamo secures €600m, COIMA issued with €340m

L&G refinances a central London office complex with a £385 million (€344 million) loan; Finnish residential firm Kojamo secures €600 million facility via a club deal; Milan’s COIMA secures €340 million of debt across two facilities; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Loans in focus: Blue Owl’s Wynwood stake; ACORE’s DC office debt; Affinius’s Murray Hill move

Blue Owl Capital is tapping into Florida’s financing surge with a $335 million bridge loan for a mixed-use complex in Miami’s Wynwood district; ACORE Capital is backing the acquisition of a Washington, DC, office asset with a $118.5 million loan; Affinius is supplying $115 million of refinancing capital in New York’s residential market; and more in our round-up of stateside loan deals from the past week.

Loans in focus: Standard Chartered and Crédit Agricole finance Berlin data centre campus, Affinius writes its first European loan, Cerberus refinances UK PBSA with £63m

Standard Chartered and Crédit Agricole provide a €210 million financing to facilitate the development of a data centre campus in Berlin; Affinius Capital issues an £80 million (€92 million) loan to refinance two purpose-built student accommodation assets in the UK in its European lending debut; Cerberus Capital Management refinances UK PBSA assets owned by Zenzic Capital and developer Torsion Group; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Loans in focus: OZK’s Florida condo addition; Bain’s Broadway spotlight; SMTB’s LA residence

Construction financing activity has been a steady fixture for Florida with Bank OZK adding to the momentum with a $323.8 million condominium development loan; Bain Capital is backing the refinance of 1375 Broadway in Manhattan with a $213 million debt package; Sumitomo Mitsui Trust Bank heads to the West Coast for an $80.8 million construction financing deal in Los Angeles; and more in our round-up of stateside loan deals from the past week.