Debt

TPG Real Estate Credit holds final close on $2.1bn for latest strategy

The firm exceeded its initial target of $1.5bn for the opportunity fund.

LNL Capital taps into net lease debt niche, nears $1bn milestone goal

The firm is close to hitting $1bn in originations.

Bridge closes latest debt fund at $2.15bn

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.

Bank OZK, Related fund $380m construction loan for $4bn Hines-backed project

The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.

TPG, Andover self-storage JV looks at new sectors after hitting $500m milestone

The venture is now expanding its footprint into the industrial and car wash sectors.

Inside PGIM’s investment in Bridge Housing’s latest impact fund

While the New Jersey-based real estate investment manager made an equity investment in the fund, the allocation opens the door for PGIM to tap into its Freddie Mac, Fannie Mae and FHA lending platforms to help finance deals.

HKS rolls out equity platform as need for complex capital structures rises

The New York-based advisory, which focuses more on the debt markets, is seeing a rise in requests for debt and equity from its clients.

CMBS can illuminate dark spots hidden beneath the veneer of retail’s renaissance

Class A bond holders in New York’s Palisades Center have taken a 30% loss in a rare case in the CMBS SASB market.

Exclusive: Madison Realty Capital funds $654m New Jersey industrial refinancing

Madison Realty is confident in the long-term prospects for the industrial sector.

Fidelity Bancorp brings on former Marcus & Millichap exec to spearhead growth

Prior to joining Fidelity, Hughes headed Marcus & Millichap’s capital and launched and ran its debt platform.