Regions

The mixed-use property secured the financing as the New York office market continues to recover.

The North Carolina-based manager, now The Oak Companies, aims to expand its retail and institutional investment platforms.

The loans were funded through Northwind’s discretionary debt fund platform.

The CMBS refinancing will repay a previous $700m CMBS loan tied to the property.

The California-based manager is targeting $1bn in capital commitments.

The Nuveen affiliate provided a $23.2 million loan for a ground-up development in Lebanon on behalf of BRX Development.

The CMBS market saw $14.93bn of new industrial originations through August, a Trepp report found.

Hines Rialto Credit Partners was launched in 2024 with a ‘debt-first’ approach to the office sector.

The firm has lined up a $250m commitment for its credit platform, Brightshore Credit.

Joel Tomlinson, who was the founder of Ares Management’s net-lease strategy, will work to help LNL expand its reach within the asset class.