News

Bayview closes $180m C-PACE development deal for Miami high-rise

The funding will be used by North Development alongside a $40m loan from Core Capital to build the 35-story Domus Brickell Center residential tower.

SL Green, PGIM complete $1.4bn refinancing for 11 Madison

The partners tapped the CMBS SASB market to refinance maturing debt.

Lenders hail ‘psychological boost’ from rate cut but maintain cautious stance

The Federal Reserve’s move to cut rates by 25 basis points will alleviate some of the stress on sponsors but will not cure all ills, fund managers tell PERE Credit.

KKR funds $250m financing for national multifamily portfolio

The loan supplements $415m in Freddie Mac financing for sponsor Sunroad Enterprises.

ACORE funds $88m multifamily bridge loan

The floating-rate loan will allow the sponsor to complete lease up.

Barings funds $230m refinancing for New York mixed-use property

The financing comes amid a surge in lending activity for loans of more than $100m.

Corporate bond surge boosting commercial real estate lending market

Robust corporate bond issuance since the start of September is having a positive knock-on effect for commercial real estate lending.

CIM finances Santander Tower recap via $132.5m loan

Pacific Elm Properties has repositioned the building from office to residential use.

Oxford names HOOPP’s Eric Plesman CEO as Daniel Fournier exits

Ontario pension OMERS’ real estate arm brings in Plesman, a former exec and now HOOPP’s real estate chief, to take over from exec chair Fournier.