Debt

JVP, Hudson Bay originate $291m financing for mixed-use Miami project

Terra will use the permanent financing for the first phase of its Centro City development.

Look Ahead 2025: The end of ambiguity

A commercial real estate recovery depends on a predictable environment.

Top 10: The most-read stories of 2024

PERE Credit’s most-read stories include forward-looking interviews with senior real estate executives detailing expansion plans and our annual ranking of real estate debt funds.

3650 Capital funds $74m Miami office construction loan

Sponsors Taubco and Landau Properties are planning to building a trophy office on Bay Harbor Island.

Tempered rate cut plan seen slowing real estate recovery

Chair Jerome Powell says the Federal Reserve will likely cut rates twice in 2025, significantly less than the four reductions expected prior to its meeting.

Scale funds $170m construction loan for Florida mixed-use project

The developer, Terra, will use the financing for the first phase of a $1bn mixed-use community in South Florida.

The real reasons why loan extensions won’t stop happening

Bank regulatory requirements and borrower tax implications are preventing resolution for stressed loans.

Pembrook gears up for bridge, construction vehicles

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

Marathon funds $120m New York luxury condo development

The project, being developed by Ascendant Capital Partners, is in the city’s West Village submarket.

Barings taps former Ares executive to lead US real estate debt asset management

Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.