United States

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

Morgan Stanley Real Estate Investing was also a part of the group that funded the loan for sponsor Bridge Industrial.

The financing is notable given the paucity of capital allocated to the office sector as well as a decline in construction lending over the past year to 18 months.

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

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

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.

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

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

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

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