Multifamily Housing

Scale closes $460m loan to fund Miami residential development

The financing will be used by Namdar Group to fund support construction and leasing for a pair of 43-story multifamily buildings in downtown Miami.

Bridge closes latest debt fund at $2.15bn

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.

Bank OZK, Related fund $380m construction loan for $4bn Hines-backed project

The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.

X-Caliber sharpens multifamily bridge lending program

The alternative lender is updating its bridge program to tap into more mid-market opportunities for stabilized and near-stabilized assets.

Inside PGIM’s investment in Bridge Housing’s latest impact fund

While the New Jersey-based real estate investment manager made an equity investment in the fund, the allocation opens the door for PGIM to tap into its Freddie Mac, Fannie Mae and FHA lending platforms to help finance deals.

Exclusive: Greystar holds $1.27bn close of second closed-end credit strategy

The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.

S3 Capital names investor relations head amid real estate credit push

Michelle Fang, who came on board as a consultant last year, will also serve as head of marketing.

Greystone raises inaugural $103m LIHTC fund

The fund will be used to buy Low-Income Housing Tax Credits from affordable housing developers in exchange for equity investments in their projects.

Exclusive: S3 Capital closes $255m loan for New Jersey riverfront development

The funding will be used by Maxal Group to build the first phase of a $1bn mixed-use project in Edgewater, which includes a 25-story, 381-unit luxury apartment tower.

Why bridge loans are a construction lifeline

Debt managers have identified a niche in last-mile multifamily bridge loans.