Opportunistic

X-Caliber, CastleGreen close $430.9m redevelopment financing for Hawaii hotel

The managers will be using a blend of senior debt and C-PACE capital to revitalize Reef Capital Partners’ 32-acre Coco Palms Resort in Kuaui.

S3 Capital continues debt expansion with close of $203m in construction loans

The New York-based lender originated its first office-to-residential conversion financing alongside a mixed-use condominium and hotel development deal.

Private real estate credit is rewriting the hotel redevelopment playbook

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

Madison Realty funds $480m loan for Manhattan office-to-resi project

The firm is adding to its New York City conversion tally with 1740 Broadway’s reconfiguration into a 420-unit residential offering.

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.

Kayne Anderson: Discipline and creativity define the best risk-reward in real estate credit

A relative value approach to investing across public and private markets, combined with the ability to structure bilateral deals and maintain control, is how to drive outperformance, argues Lee Levy, head of real estate debt at Kayne Anderson.

Naftali Credit Partners plans third real estate debt fund launch

The real estate credit lending arm of Naftali Group will target $1bn in capital commitments following a $302m raise for its prior installment.

BGO makes the case for real estate private credit in insurance company portfolios

The report, released this week, serves as both a primer and prompt on how the asset class would sit within an insurance company portfolio.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatization by the Canadian manager.