Bank Financial Services

CBRE IM: Credit availability will change commercial real estate investing

While debt funds have stepped in to fill the void to a certain extent as banks have scaled back, these lenders are also seeing a negative impact of a higher for longer interest rate outlook.

APF Properties faces potential foreclosure after New York office loan default

The New York-based sponsor defaulted on a $70m CMBS loan on 25 West 45th Street, a historic office building near Grand Central.

Blackstone completes purchase of $1bn loan portfolio from pbb

The manager has acquired performing loans from the German bank in a landmark transaction.

Deutsche Bank, KSL fund $185m refinancing for Miami hotel

The refinancing came as a package of senior loan and mezzanine debt.

Wells Fargo, BoA, Goldman Sachs originate $735m Disney resort refi loan

The SASB CMBS deal was sponsored by a Tishman Hotel & Realty and MetLife IM joint venture.

Blackstone lines up $400m from Sumitomo Mitsui for industrial refinancing 

The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio.

Natixis seeks to scale real estate private credit back leverage business

The Paris-based bank is seeking to increase financing options for alternative lenders.

Analysis: Deals shift toward rising complexity in higher-for-longer environment 

It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.

KKR sees multi-year deleveraging cycle for US multifamily sector

The firm’s global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.

ACORE Capital closes largest debt fund of 2024 to date

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.