Residential

The New York-based manager is looking for construction lending opportunities in and beyond the stateside Sun Belt market for its next $10bn of volume.

LGPS Central, which invests on behalf of local government pension schemes, has allocated to the US manager’s CMI Europe.

Josh Scoville, global head of research at the Houston-based manager, sees a more resilient outlook for the sector.

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

The firm raised $528m for Pearlmark Mezzanine Debt Fund VI, exceeding its cap of $475m.

The loan from the New York-lender will be used by HA Emprendimientos to build its 26-story, 328-unit Sense22 development in the Edgewater submarket.

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.

San Antonio-based manager continues its 2026 lending streak with a deal backed by PCCP, Claremont Development and Stanberry Development group.

The sponsors, Grubb Properties and Pink Stone Capital, lined up another $77m in mezzanine financing from a group of lenders.

The PERE Credit Lending Barometer, which tracks representative data on US and European commercial real estate lending, tracked $12.9bn of new originations across 93 transactions in the US in May.