Debt

Dekel Capital rolls out targeted $100m credit platform 

The firm is targeting preferred equity and mezzanine debt deals of $2m to $10m.

Sponsors work to iron out ambiguities as LIBOR sunset nears

Commercial real estate sponsors and lenders are looking at the language around transitioning derivatives contracts tied to the benchmark.

Otera Capital leads $750m construction loan for planned Tishman Speyer research campus 

The deal is the largest year-to-date construction loan originated in the US.

Borrower profile: HGI focuses on multifamily market while watching  

A key driver of activity in the multifamily sector is support from Fannie Mae and Freddie Mac for stabilized and pre-stabilized assets.

Holding pattern: How CRE execs plan to weather 2023’s sustained lending volatility

Goldman Sachs, US Bank, Franklin BSP executives anticipate more stress and higher debt costs.

Fitch report tracks significant drop in 2022 CMBS loss severities 

The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.

Cain strikes deal to acquire $1.2bn New York-area loan portfolio from PacWest

The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.

Pearlmark, Waterton fund mezzanine loan for Tempe mixed-use project

Carlos Slim’s Banco Inbursa funded the senior mortgage.

Basis closes B-piece acquisition as CMBS relative value plays emerge 

The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.

ArrowMark Partners: Straddling debt and equity in the mid-market

As the US commercial real estate market faces a wall of loan maturities – over $1.5trn over the next three years – taking a creative approach is highly important, says ArrowMark Partners’ Rob Brown.