North America

Look Ahead 2025: Mitigating risk in real estate loan portfolio sales

The report cites hurdles that include the impact of loan structures and rate resets for real estate private equity firms looking at portfolio or one-off acquisitions.

3650 Capital funds $74m Miami office construction loan

Sponsors Taubco and Landau Properties are planning to building a trophy office on Bay Harbor Island.

Tempered rate cut plan seen slowing real estate recovery

Chair Jerome Powell says the Federal Reserve will likely cut rates twice in 2025, significantly less than the four reductions expected prior to its meeting.

Scale funds $170m construction loan for Florida mixed-use project

The developer, Terra, will use the financing for the first phase of a $1bn mixed-use community in South Florida.

The real reasons why loan extensions won’t stop happening

Bank regulatory requirements and borrower tax implications are preventing resolution for stressed loans.

Pembrook gears up for bridge, construction vehicles

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

ArrowMark secures $320m for first dedicated CRE structured finance fund

The investment manager received commitments from a wide base of investors.

Marathon funds $120m New York luxury condo development

The project, being developed by Ascendant Capital Partners, is in the city’s West Village submarket.

Barings taps former Ares executive to lead US real estate debt asset management

Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.

Canyon Partners closes its largest-ever real estate debt fund

The firm raised approximately $1.2bn for CRED III, which is already over 40% deployed.