North America

Basis poised to grow multifamily lending via Fannie Mae DUS designation

The firm is the first African American- and women-owned lender to obtain a DUS designation.

JLL arranges $290m Philadelphia life sciences construction loan

Corebridge Financial funded the loan, with The Baupost Group providing additional equity.

Greystar closes $600m commercial real estate credit fund

The manager launched its credit business in 2018 as part of a plan to scale its overall real estate platform.

Wells Fargo to expand New York area mid-market lending business

The bank has added a new platform, hiring a JPMorgan veteran as team co-leader.

Square Mile, Bank OZK originate a $202m construction loan for life science development

The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.

Multifamily lending sees steep drop in volume 

The reasons behind the drop are easy to understand: a combination of lower transaction volume, higher interest rates and the steepest inflation in 40 years.

Barings anticipates refinancing, construction lending uptick in 2023

The firm’s head of real estate debt portfolio management says that sidelined banks are shifting the paradigm for active lenders.

Lenders and borrowers prepare for a muted distressed environment

Executives from Goldman, Blackstone, GIC, Starwood and Mack Real Estate discussed the next wave of sector opportunities at a recent NYU panel.

Lendlease, Aware Super secure $360m construction financing

A four-bank syndicate arranged the loan for an 834-unit Brooklyn development.

Borrower profile: Contrarian Miami investor set to take on urban retail, office deals

Torose Capital targets value-added office, retail and mixed-use following firm launch.