Debt

Turmoil, tariffs not seen derailing potential recovery

Debt fund managers remain active, albeit cautious, as the Trump administration has this week implemented and rescinded tariffs on nearly all US trading partners.

PERE Credit Alternative Lending Barometer 2025 – Last Chance To Participate

The results and analysis of this research will feature in a report on the alternative lender market in PERE Credit’s June issue.

Affinius closes $215m construction financing for Manhattan multifamily tower

The project’s capital stack also includes a senior loan from Kennedy Wilson and junior mezzanine financing from InterVest Capital Partners.

Benefit Street Partners closes $223.8m of loans to extend financing streak

The firm has been active as a senior and mezzanine lender and worked in both capacities to back Pearlstone Partners’ development of an Austin condominium project.

Affinius, Siguler Guff originate $212m refi for Boston multifamily complex

The borrower is a joint venture between Blue Vista and Cabot, Cabot & Forbes, owners of a Class A property in the Brighton submarket.

Ares, Goldman and the new real estate deal structure 

The structure of RCG Venture’s acquisition of a $1.8bn retail portfolio, which includes buckets of non-real estate capital, presents a framework for a new kind of deal in the sector.

Tariff war ups the uncertainty ante for recovering debt markets

The Trump administration’s move to implement global tariffs will hit the lending, construction markets hardest, KPMG’s Roger Yang believes.

UK REIT M&A activity presages global consolidation push

Value creation and the need to scale will push more real estate investment trusts and private investment companies into consolidation mode, according to Tim Bodner, a partner in PwC’s real estate practice.

Ares and Goldman back $1.8bn shopping center portfolio deal

Retail-focused manager RCG Ventures has closed on the first phase of its deal to take private 100 assets owned by listed REIT Global Net Lease.