North America

Hudson Bay originates $238m refi for Hudson River mixed-use project

The Connecticut-based lender is helping recapitalize a 70-acre mixed-use community in Sleepy Hollow on behalf of King Street Capital Management and Biddle Real Estate Ventures.

Affinius closes $148.5m refi for San Diego multifamily high-rise

The San Antonio-based manager has picked up significant multifamily financing volume in April following similar deals in Boston and New York City.

Clarion hires Pristaw as president

Josh Pristaw will take the helm of Clarion Partners, joining from Pretium.

The three most important issues in commercial real estate finance today

The impact of tariffs on interest rates and transaction volumes is top of mind for lenders and borrowers today.

Mesa West closes $133.9m refi for Georgia student housing asset

The four-year loan will be used by LV Collective to replenish capital backing Rambler Athens, a 750-bed complex adjacent to the University of Georgia.

BlackRock sees $1trn maturity wall as sector’s most serious challenge

The New York-based investment management company is raising concerns about the volume of loans slated to mature in 2025 and 2026.

CDPQ originates $331m construction loan for Tishman Speyer Jersey City development

The project is the second phase of a waterfront residential development the sponsor planned in Jersey City.

Tyko originates $392m development financing for Miami Beach hotel

Terra and Turnberry will use the funding to advance work on the Grand Hyatt Miami Beach adjacent to the city’s convention center.

Urban Standard expands GCM Grosvenor lending venture

The New York-based manager is targeting $1bn of additional loan originations as part of the expanded partnership.

Bain, Smith Hill fund $235m refinance of Montauk resort

The funding will be used by BLDG and Metrovest for a Class A resort on Long Island.