News & Analysis

Northwind funds $75m loan for NYC office-to-residential conversion 

Sponsors Metro Loft Management and David Werner will convert the former Pfizer headquarters in midtown Manhattan.

Slate, Fundamental tap JPMorgan for $210m NYC affordable housing refi

JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.

DWS’s Henderson sees end of real estate capital markets recession

Todd Henderson, co-global head of real estate at New York-based manager DWS, believes interest rates will be range-bound in the coming months.

Blue Owl’s Zahr outlines real estate credit opportunity set 

The New York-based investment manager earlier this year completed two significant acquisitions, said Marc Zahr, co-president and head of real estate.

Leste Credit prepares to scale small-balance lending platform 

The firm is stepping into areas that were once more prominently the domain of banks.

Powell signals long-anticipated interest rate cut

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

Cale Street, Farallon fund $985m Manhattan condo refi

The financing for Zeckendorf, Atlas and Baupost will fund the construction of the luxury 80 Clarkson development.

Peakhill forms JV to expand resi-focused gap financing platform

The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments.

Sabal keeps sights on opportunistic, niche sectors to expand US debt portfolio

The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.

Trimont strikes deal for Wells Fargo’s non-agency servicing business

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.