Florida

Borrower view: Pinnacle Housing sees financing gaps widen for affordable deals

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

Tyko, Security Benefit fund $748.5m refinance of 830 Brickell

Cain International and OKO Group will pay off prior construction financing from MSD Partners for the Miami trophy office.

Centennial Bank funds $84.4m Fort Lauderdale affordable housing loan

The regional bank doubled down on an entirely affordable housing project through the private-public partnership.

Inside Trinity’s $575m refinancing of Florida’s Diplomat Resort  

The sponsors passed another milestone after acquiring the landmark hotel in a record transaction.

Trinity, Credit Suisse land $575m refinancing for Florida’s Diplomat Resort 

The sponsors lined up the financing after acquiring the property from Brookfield Asset Management last year.

Madison Realty doubles down on waterfront multifamily deals

The New York-based private credit provider originated new loans for projects in Florida and New Jersey.

Wells Fargo, BoA, Goldman Sachs originate $735m Disney resort refi loan

The SASB CMBS deal was sponsored by a Tishman Hotel & Realty and MetLife IM joint venture.

Bank OZK extends debt streak with $600m Miami-area construction loan trifecta

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

Bizzi+Bilgili lines up rare office construction loan via Cain International

The financing is notable given the paucity of capital allocated to the office sector as well as a decline in construction lending over the past year to 18 months.

Greystone originates $420m refi for Miami’s Panorama Tower

Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.