Core

Yields on treasuries, gilts and other sovereign debt hit multi-year highs this week due to concerns on higher oil prices, rising deficits and inflation.

The firm funded a $281m financing backed by the residential component of Winthrop Center, a 62-story, mixed-use property in Boston owned by Millennium Partners.

The fund will originate senior and subordinate debt across asset classes and geographies around the US.

The investor backed the likes of Madison Realty Capital, Cheyne and PAG in its latest disclosure, with debt making up a significant share of its new fund commitments.

New York-based Mavik funded a $12m preferred equity loan for the acquisition of a suburban Minneapolis industrial property.

Private real estate lenders are set to be part of the solution to today’s version of distress.

The firm also saw European origination volumes rise, according to Charlie Rose, global head of credit.

The Florida-based hotel specialist identifies an opportunity set within the hospitality sector in particular.

Lenders are pushing borrowers to resolve maturing loans, but the ample liquidity available in today’s market has so far helped to keep distress in check.

JLL-advised dealflow data indicates lenders and sponsors are not waiting for rates to move as they act on immediate borrowing needs.