North America

KKR’s Nuttall: Credit opportunity remains compelling

Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.

Goldman, Wells Fargo lead $560m CMBS refi of Ares-backed resi tower

The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.

Northwind closes $95m New York office loan 

Sponsors Lloyd Goldman and David Werner see the potential to convert the building at 100 Wall Street into a residential property.

Tyko, Security Benefit fund $748.5m refinance of 830 Brickell

Cain International and OKO Group will pay off prior construction financing from MSD Partners for the Miami trophy office.

PGIM Real Estate on insuring stability

PGIM Real Estate wants to further scale its lending platform. But the firm does not want to be all things to all borrowers.

Värde funds $105m takeout loan for a California multifamily development 

The transaction represents Värde’s conviction around the demand dynamics of the Silicon Valley housing market.

Analysis: Lender competition intensifies for higher-quality assignments 

The reputation of the sponsor is emerging as a key factor for lenders of all stripes.

GCM Grosvenor commits $50m to OlivePoint as growth investments rise

Bain Capital and TPG Angelo Gordon also have made strategic investments in private credit shops over the past month.

ACORE adds Drummond to head high-yield strategy

The credit manager is looking to build out a new portfolio in the space to complement its primary value-add strategy.