Debt

Aviva refinances Time Equities’ Dutch offices with €168m loan

The facility, sourced by adviser Walker & Dunlop, refinances 19 properties in the Netherlands.

PGIM funds $222m refinancing for pair of Rudin-backed offices

The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.

Madison Realty funds $375m loan for Jersey City mixed-use tower construction

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.

Revetas’ rescue of Belgium’s GH Group stalls as lenders push for bankruptcy

A recapitalization plan by the US manager has reached an impasse as a Belgian court considers GH Group’s future.

KRE Capital Management debuts with $425m fund and $1bn-plus lending capacity

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

CalPERS looks at increasing real estate debt in diversification push

The new private debt head at the $620bn California pension expects an increasingly diversified program, which has a 10% exposure to real estate debt, to perform well amid a ‘turbulent’ environment.

Trinity Church, one of New York’s biggest landowners, is bullish on RE credit

The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.

Australia’s Qualitas enters Europe with Starz acquisition

The Melbourne-based manager has added a European platform through the purchase of the mid-market lender.

What private real estate lenders can learn from David Bowie

This week’s CRE Finance Council conference in New York used the music of the legendary rocker to put today’s market into context.

Lone Star-led JV lands $122.65m in bridge loan for 600 California Street

The sponsors acquired the property through a distressed commercial mortgage-backed securities loan.