Midwest

Nuveen Green Capital closes $27m C-PACE financing for Wisconsin resort

The capital will be paired with a $41.1m senior loan from Hall Structured Finance to develop Uphoff Ventures’ 208-room Dellshire Resort.

Bayview lines up $135.5m C-PACE-backed securitization

The transaction is expected to close April 9 and is a positive notch toward further institutionalization for the niche financing category.

Hines JV secures $610m CMBS financing for Chicago’s Salesforce Tower 

A group of sponsors led by Hines secured the refinancing to replace a previous construction loan.

Lessons learned from Blackstone’s Willis Tower’s debt extension

Blackstone’s maturity reset for the trophy office to 2028 shows managers still can extend loans on offices – as long as the equity is there.

Blackstone lines up extension on $1.3bn CMBS debt for Willis Tower

The iconic Chicago skyscraper’s debt will next mature in 2028, with flexibility on further extension options.

Chicago pension tables real estate debt investment

The Chicago Teachers’ Pension Fund committee is holding off on a $30m allocation to Basis Investment Group following its February meeting.

Barings, Apollo originate $113m refinancing for downtown Indianapolis hotel

The deal will recapitalize KSL Capital Partners’ convention center-adjacent Westin Indianapolis property.

Ready Capital’s Capasse: Broadmark acquisition sets the stage for expansion

The deal makes the New York company the fourth-largest US mortgage REIT.

Bifurcating risk in Chicago’s development lending market

Despite near-term concerns over rising property taxes and high crime rates, lenders see the Windy City as the Midwest’s once and future cultural, population and economic hub.

Oxford JV snags $64m Detroit hotel construction loan

The partners are planning a luxury hotel near the MGM Grand Detroit.