New York

S3 originates $300m construction loan for Queens mega-development

The funding will be used by KS Group and Alma Realty for the first phase of Astoria Cove project featuring four mixed-use rental assets.

S3 originates $210m construction financing for Brooklyn mixed-use project

The New York-based manager has steadily grown its East Coast lending book with development financing opportunities.

Franklin BSP acquires NewPoint to boost agency lending, servicing

The firm will use the transaction to expand its agency lending capabilities and tee up more exits through its mortgage REIT investments.

RMWC sets up flagship strategy via hybrid evergreen fund launch

CIO Steven Fischler says the firm is targeting a first close on April 1 as the firm bolsters its bridge and subordinate lending activity.

Basis, Lion Creek origination partnership roars to life 

The two managers formed BIG Lion to optimize debt and equity opportunities using Basis strategies.

Blackstone lines up $8bn for final close of BREDS V

CalPERS backed the manager’s latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

400 Capital Management closes its fourth private credit fund

The credit fund drew capital commitments amid a shifting regulatory environment.

Rockpoint JV taps Apollo for Wall Street multifamily loan

The Boston-based manager, in partnership with Brooksville, acquired the property in 2016 for $421.5m.

Lone Star Funds snags $343m loan portfolio from Flagstar

The Dallas-based private equity firm acquired sub-performing loans from the former New York Community Bank.