Office

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.

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

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

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

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

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

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

CBRE Loan Services denies allegations that it and lenders to Belgium’s largest office building pressured valuers.

A relative value approach to investing across public and private markets, combined with the ability to structure bilateral deals and maintain control, is how to drive outperformance, argues Lee Levy, head of real estate debt at Kayne Anderson.

Discipline and niche expertise set winners apart, argues Northwind’s Ran Eliasaf.