Residential

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

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.

Alongside Apache Capital, the US manager has secured capital for a Cambridge scheme.

The New York-based lender originated its first office-to-residential conversion financing alongside a mixed-use condominium and hotel development deal.

The New York-based manager has tracked nearly $1.03bn in originations over the past two weeks across hotel, multifamily and office-to-residential deals.

The Klirmark Capital-partnered platform will focus on US construction and bridge loans across the multifamily and for-sale residential sectors.

The firm is adding to its New York City conversion tally with 1740 Broadway’s reconfiguration into a 420-unit residential offering.

The deal marks Lionheart’s first construction financing in the area and will fund a 101-unit residential project in Mineola backed by multiple sponsors.

The FirstSun Capital Bancorp affiliate sold the performing multifamily commercial real estate loan pool to reposition its balance sheet.