Southwest

Borrower view: Pinnacle Housing sees financing gaps widen for affordable deals

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

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.

Goldman Sachs originates $430m CMBS loan for Fairmont Austin

Goldman acted as the sole book runner for the loan, which is backed by a luxury hotel property.

KKR originates $101m refinancing package for LA multifamily complex

The bridge loan was arranged by Gortikov Capital and will be used by AMCAL to recapitalize a Woodland Hills, California, property.

Irvine Company taps BoA for $150m Los Angeles office loan

The loan will be included in an upcoming commercial mortgage-backed securities deal.

LA manager ASFM secures GCM Grosvenor commitment for pref equity, mezz platform

American South Fund Management lined up a $50m commitment to expand its real estate impact investment for attainable housing.

Cain secures $2bn of development financing for Beverly Hills luxury project

JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.

Bank OZK, BDT and MSD fund $756m financing for Inland Empire mega-project

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

Borrower focus: Los Angeles investor leverages public-private partnerships  

The firm accesses tax credits and other forms of financing for its multifamily-focused investments and developments in underserved communities.

Clarion hires Karlekar to head global research and strategy

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.