Sectors

Värde Partners on capitalizing on a new era of non-bank lending

As macro forces reshape the landscape for commercial real estate fi nance, Värde Partners is anticipating ‘phase two’ of the opportunity, says Jim Dunbar.

Borrower profile: American Landmark raises $1bn for low-leverage multifamily fund

The Tampa-based owner-operator raised more than $1bn for Sun Belt-focused multifamily investments.

Bravo funds multifamily construction completion loan

The loan comes as lenders see a niche to provide financing to help sponsors complete projects.

Invesco’s Rose looks to scale debt platform amid bank pullback

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.

Origin funds $76m Texas multifamily preferred equity investment

The data-driven manager deployed the capital via its Origin Strategic Credit Fund.

1031 Crowdfunding launches senior-housing focused bridge fund 

The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.

KKR sees multi-year deleveraging cycle for US multifamily sector

The firm’s global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.

Kriss Capital originates $185m loan for Midtown condo financing

The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.

Scale Lending originates $150m construction completion loan for Bronx project

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

Deep Dive: Private real estate’s surprise problem child

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.