News

BGO’s Severino sees atypical commercial real estate recovery

Interest rate shocks, trade disruptions and the conflict in Iran have prevented a typical commercial real estate recovery from occurring.

European borrowers prioritize flexible structuring, says Savills

Covenants, hedging and prepayment are areas of focus in loan discussions, the adviser said at a London presentation.

European partnership to target secondary real estate NPL trades

Luxembourg-based APS Holding sees opportunity to acquire leftovers of larger portfolios from their original buyers.

Tim Johnson on the globalization of real estate private credit

Real estate private credit has worldwide scope today, says Tim Johnson. But Blackstone’s global head of real estate debt tells PERE Credit that does not make it straightforward.

S3 Capital closes $131.5m student housing construction financing

The loan will fund Edge Property Group’s 276-unit, 321-bed project at 465 West 165th Street in Manhattan’s Washington Heights submarket.

Roundtable: Competitive pressures weigh on US managers

Rising competition is making it more difficult for US debt fund managers to deploy capital.

Northwind lines up $300m partnership with Atlas SP Partners to expand debt platform

The partnership will allow Northwind Debt Fund III access to lower cost of capital, enhancing its ability to offer more competitive, flexible financing.

Castlelake, Redwood jumbo mortgage JV highlights broader residential focus

The venture is the latest in a series of residential-focused platforms, which include a targeted $1bn platform launched earlier this month by EMCAP Financial and Smith Hill Capital.

MonticelloAM funds $435m financing for a skilled nursing portfolio

The portfolio includes more than 1,890 licensed beds in 14 facilities.

Ares more than halfway towards $1.5bn target for US, European debt fund

The firm has raised more than $850m for Ares Real Estate Debt Strategies, published reports say.