News & Analysis

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

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

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.

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

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

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

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.

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

Owner of Belgium’s Finance Tower sues CBRE Loan Services over a valuation dispute with lenders to the office building; Patron Capital Partners makes its first direct loans; Stoneweg appoints head of credit and the firm outlines plans to deploy €500 million of real estate debt; and more in today’s briefing, exclusively for our valued subscribers.

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