Term Sheet

Term Sheet: Trimont’s servicing pick-up; Pearlmark fund’s first close; Chatham’s expansion plans

Trimont climbs to the top of the loan servicer ranks with acquisition of Wells Fargo’s non-agency servicing business; Mezzanine financing momentum receives a boost with $185 million first close for new Pearlmark fund; Chatham eyes North Carolina for advisory expansion and taps former Brookfield professional to lead Charlotte office; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Blackstone extends Henderson Park loan, DWS targets debt business growth, the ECB warns on lenders’ valuations

US manager Blackstone’s granting of a loan extension to private equity firm Henderson Park illustrates the challenges lenders and borrowers are working to solve in today’s market; German manager DWS looks to the US to grow its property lending activities as it makes key hires; the European Central Bank is concerned about lenders’ valuation approach when it comes to real estate; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Term Sheet: New York office CMBS hit special servicing; Janus Henderson’s credit acquisition; BridgeInvest’s fund closing

UBS and Citigroup’s commercial mortgage-backed securities loan on the New York midtown office 1500 Broadway hits special servicing this week; BridgeInvest closes its largest-ever real estate private credit fund at $670 million, aiming to execute on more than $1.2 billion transactions over the next two years; DWS hires a senior executive to head US commercial real estate debt; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Aareal’s performance, BNP Paribas’ play for AXA IM, a key UK refinancing

German lender Aareal’s latest results provide an insight into market conditions, including for office lending; BNP Paribas’ reported bid for AXA Investment Managers promises to make waves in financial services, including real estate management; Deutsche Bank recoups its capital following a refinancing of Birmingham’s Mailbox; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: KKR’s credit optimism; Deutsche’s loan sale; Trinity’s platform launch

KKR seeks more real estate credit opportunities as the manager’s real asset fundraising momentum holds steady; Deutsche Bank is looking for liquidity with the sale of $1 billion of real estate loans as it reduces exposure to the asset class; Trinity Investments is unveiling its own debt platform with sights on mezzanine, preferred equity as well as special situations opportunities; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Wembley Park gets £775m preferred equity injection, Supermarket REIT refinances £170m of debt, PIMCO warns of long road to recovery

US private equity firms make £775m preferred equity investment in London’s Wembley Park; Supermarket REIT refinances with a mix of private placement and bank debt; the value of the Walkie Talkie falls by £400m since 2017; PIMCO tells lenders and borrowers to “face the music”; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: 830 Brickell’s debt recharge; Powell’s rate expectations; Ares’ Manhattan refinance

Miami retains its financing spark with Tyko Capital and Security Benefit stepping up to refinance OKO and Cain’s 830 Brickell trophy office; Jerome Powell hints at September rate cut following the Federal Reserve’s July hold; Ares and Douglaston secure a $560 million refinance for a Manhattan luxury residential tower; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Atlas’s $985 million Manhattan loan; Kayne Anderson’s key hire; Walker & Dunlop’s student housing surge

The lower Manhattan skyline is set to be reshaped, with Atlas Capital Group lining up $985 million of financing from Cale Street and Farallon for dual residential tower creation; Kayne Anderson Real Estate has new debt leadership with Lee Levy on tap from Goldman Sachs Asset Management; Walker & Dunlop gets creative to finance pair of Philadelphia area student housing deals with senior loan and preferred equity stakes; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Fresh capital for Aldgate Tower, Cheyne’s major hotel loan, ADIA gets behind Arrow

The owner of London’s Aldgate Tower agrees to inject equity as the loan against the office building comes due; Cheyne Capital joins forces with an insurer in a large-scale London hotel sector refinancing; ADIA puts further emphasis on real estate debt with a commitment to Arrow Capital’s lending strategy; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: TPG Next’s anchor investment; IGIS’s Midtown refinancing; Mesa West’s senior living target

TPG Next is adding to the wave of lending platform launches with an anchor investment to help start Caro Investors; IGIS Asset Management is replacing JPMorgan Chase as Extell Development’s project lender for IKEA-anchored mixed-use tower; Mesa West has appetite for more senior living loans following Virginia refinance; and more in today’s Term Sheet, exclusively for our valued subscribers.