Residential

While the agencies and banks continue to be the most active lenders, debt funds saw volumes rise by 45% year-on-year, Newmark data reports.

Despite rising gilt yields and growing concerns over the UK’s fiscal outlook, real estate lenders continue to deploy.

The loans were funded through Northwind’s discretionary debt fund platform.

The California-based manager is targeting $1bn in capital commitments.

The Nuveen affiliate provided a $23.2 million loan for a ground-up development in Lebanon on behalf of BRX Development.

The firm has lined up a $250m commitment for its credit platform, Brightshore Credit.

Banks and private credit funds are competing for one of commercial real estate’s most favored sectors, speakers at the conference said.

The firm launched the evergreen fund with anchor capital from New Holland Capital.

Cascade Financial provides financing for individual borrowers seeking to buy manufactured homes.

The transactions will fund more than 840 student beds, plus affordable housing and commercial space in the UK capital.