Sectors

PERE’s relaunch – The editors’ take

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

Tristan funds its largest-ever loan as it deploys from its second credit vehicle

The £340m loan on EDGE London Bridge is the UK manager’s largest since establishing its debt platform in 2021.

Rithm Capital lands $515m refi for Manhattan office tower

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.

Minimal lender impact seen after instability issues at Pfizer office conversion

Madison Realty Capital originated a $720 million senior loan to finance Metro Loft and David Werner’s residential conversion of the New York office building.

Aviva refinances Time Equities’ Dutch offices with €168m loan

The facility, sourced by adviser Walker & Dunlop, refinances 19 properties in the Netherlands.

PGIM funds $222m refinancing for pair of Rudin-backed offices

The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.

Invesco set for record six-month Europe lending on back of €300m Carlyle loans

The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.

Lone Star-led JV lands $122.65m in bridge loan for 600 California Street

The sponsors acquired the property through a distressed commercial mortgage-backed securities loan.

Northwind makes Los Angeles office debut via $132m financing

The loan was originated through Northwind Debt Fund III, the firm’s flagship closed-end credit vehicle.