Southwest

JPMorgan, Starwood mortgage REIT write $2bn loan on CIM’s Utah data center campus

The funding will allow the CIM-led JV to add another 145MW to the project – output already spoken for by an unnamed hyperscaler.

Sunrise Realty charts aggressive expansion course

The Florida-based commercial real estate lender wants to double origination as it grows its lending base.

Bayport Funding gears toward $250m expansion

As part of the growth plans, the mid-market lender plans to broaden its scope across Texas.

PACE Loan Group closes $24m C-PACE renovation deal for LA office tower

Oaktree Capital Management will use the funds to retroactively finance work on the 444 South Flower Street tower.

Los Angeles wildfires threaten $1.27bn in CMBS

Damage from the devastating fires has had a less significant impact on the commercial sector, according to reports from data provider Trepp and rating agencies Fitch and KBRA.

North Bridge, ACORE originate $161m loan for Las Vegas entertainment development

The financing for Fisher Brothers includes $108m of C-PACE capital.

S2 Capital acquires distressed apartments with $60m of rescue capital

The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.

Cottonwood closes $284m bridge deal for Austin-area assets

The senior bridge financing will be used by Reger Holdings to recapitalize EastVillage and the Linden Residences.

Cottonwood originates $56m in data center loans

The Los Angeles-based firm sees the sector as a strong area for growth.

Tishman Speyer JV taps JPMorgan for $85m industrial construction loan

The loan will be used for the first phase of a 380,000-square-foot industrial park in Irvine, California.