Bank Financial Services

PGIM’s Farrell outlines large loan, preferred equity opportunity amid bank pullback

Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.

Borrower view: S2 Capital sees surge in multifamily deal flow 

The Dallas-based manager is still struggling with pricing on the properties which come across its desk.

AEW revises debt funding gap forecast to €93bn

The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.

Morgan Stanley launches $925m refinancing package for Century City mall

The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.

Fortress acquires $1bn office loan portfolio from Capital One

Private credit manager picks up substantial exposure to New York City offices in the deal.

Fidelity Bancorp launches construction lending platform

The alternative lender has hired John Omori from Bank of Hope to spearhead the initiative, which will focus on smaller, local builders in the multifamily sector.

Barings originates $120m construction loan for Gowanus multifamily development

Joint venture between Canyon Partners Real Estate, Charney and Tavros contributes $64.4bn of equity to fund the deal.

Axos Bank originates $132m refinancing for 22-asset industrial outdoor storage portfolio

Criterion Group and Columbia Pacific Advisors will use the funding for a portfolio of last-mile logistics centers across 9 states.

Crow Holdings’ Roberts sees myth-versus-reality conundrum for CRE 

The Dallas-based manager’s latest whitepaper highlights the banking pullback and the perception of the US office sector as areas in need of a deeper dive.