Residential

Mid-year data from Avison Young reported a 10.4% quarter-on-quarter drop in construction starts as of the end of Q2 2025.

The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

Harry Alcock, the former chief investment officer of multifamily real estate investment trust UDR, sees real estate private credit as an expansion area.

The funding will be used for the completion of the first phase of Cotino, a 1,900-unit master-planned community in Rancho Mirage, California.

The senior-mezzanine construction financing facility will fund a lifestyle-oriented residential build.

In addition to a uniform definition, more standardized zoning would benefit the creation of more middle-income housing, a Mortgage Bankers Association report says.

Evolving market dynamics, rising interest rates and sector-specific challenges are reshaping lending strategies and unlocking targeted opportunities, says FBRT’s Richard Byrne.