United States

S3 Capital plots more New York housing deals despite affordable tax incentive lapse 

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities.

Madison Realty originates $133m loan for Hudson Yards hotel development 

Marx Development Group is building the 51-story, 379-key tower.

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.

Slate originates $60m bridge loan to complete Queens condo project

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.

Greystone originates $420m refi for Miami’s Panorama Tower

Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.

Inside Brookfield’s San Francisco multifamily expansion

The Toronto-based manager is looking at the city on a long-term basis.

Goldman funds $395m refinancing for New York’s 70 Pine Street

The New York City property was converted from an office building into a multi-use asset.

Blackstone, Paramount nail extension for $975m San Francisco office loan

The loan on One Market Plaza, a San Franciso office tower, was one of the largest CMBS loans slated to mature in 2024.

NYCB stress spurs moves to resolve bank lending portfolios

Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional banks to restructure loans.

280 Park Avenue loan hits special servicing 

SL Green Realty Corp and Vornado Realty Trust will have to contribute substantial equity to extend the loan, per servicer remittance reports.