Northeast

Blackstone, JPMorgan AM close $281m IOS portfolio financing for Catalyst

The real estate debt managers will refinance 77 properties across 12 markets on behalf of Catalyst IOS Fund II.

S3 Capital closes $131.5m student housing construction financing

The loan will fund Edge Property Group’s 276-unit, 321-bed project at 465 West 165th Street in Manhattan’s Washington Heights submarket.

Brookfield lands $1.9bn CMBS refinancing for Hudson Yards office 

The New York-based manager re-ups on its trophy office asset stake in the Hudson Yards submarket.

Naftali Credit Partners plans third real estate debt fund launch

The real estate credit lending arm of Naftali Group will target $1bn in capital commitments following a $302m raise for its prior installment.

Ladder Capital funds $268m financing for New York office acquisition 

Sovereign Partners is set to buy 575 Fifth Avenue for around $400m.

Clearwater PACE holds initial close of Ares-backed $300m C-PACE strategy

The specialist firm will funnel capital from Ares Alternative Credit funds toward $40m-$50m loans with an average LTV of about 35%.

Canyon Partners, JPMorgan close $156m refi package for Philadelphia industrial complex

The lenders jointly originated the financing to replace existing debt and fund the lease-up of the Class A, two-building Bridge Point Philadelphia.

Resi conversions are helping to bring Manhattan’s office market back into favor

Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.