United States

SL Green, PGIM complete $1.4bn refinancing for 11 Madison

The partners tapped the CMBS SASB market to refinance maturing debt.

Why C-PACE capital is set to land more record deals

Nuveen Green Capital issued its largest-ever C-PACE debt this week via a $290m mid-construction loan for a Tampa mixed hotel and residential development.

ACORE funds $88m multifamily bridge loan

The floating-rate loan will allow the sponsor to complete lease up.

Barings funds $230m refinancing for New York mixed-use property

The financing comes amid a surge in lending activity for loans of more than $100m.

CIM finances Santander Tower recap via $132.5m loan

Pacific Elm Properties has repositioned the building from office to residential use.

Loans in focus: Slate Property’s East Harlem medical office; Kayne Anderson’s Brooklyn bulk-up; PCCP’s Hoboken groundbreaking

JPMorgan and GoldenTree Asset Management are backing the new construction of a mixed-use medical office in Manhattan’s Carnegie Hill and East Harlem submarkets; Kayne Anderson is funding a planned luxury residential tower in Brooklyn; PCCP is putting up debt for a multifamily development in Hoboken, New Jersey; and more in our round-up of stateside loan deals from the past week.

Pacifica lines up $126m hotel refinancing via Goldman, Peachtree

The seven-hotel portfolio is in Southern California and totals 601 rooms.

Cottonwood holds final close for special situations strategy on $1bn

The Los Angeles-based manager has used the fund to add exposure to logistics, data centers, multifamily and mixed-use assets.

Texas ERS names new head of real assets

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.