Subordinated Debt

Silver Point-led JV finances $174.5m Brooklyn multifamily development

The senior and mezzanine debt will be used by Tavros Capital and Charney Companies to acquire and pre-develop a 1,000-unit project in the Gowanus neighborhood.

Kennedy Wilson, Tokyu Land team up for mezzanine, preferred equity platform

The manager-developer partnership is targeting $200 million in preferred equity and mezzanine investments across multifamily and industrial sectors

Parks Mall: Financing the future of retail

Owners CBRE IM and Brookfield in February lined up a $215m refinancing for the property via Nuveen and Torchlight Capital.

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.

CenterSquare joins forces with Temasek for $100m co-investment vehicle

The firms are targeting $200m for deployment with a heavy focus on subordinate multifamily and real estate loans.

Barings, Apollo originate $113m refinancing for downtown Indianapolis hotel

The deal will recapitalize KSL Capital Partners’ convention center-adjacent Westin Indianapolis property.

Partners Group to buy real estate investment platform Empira Group

Empira’s investment strategies include European residential, US residential, transition-to-green and real estate credit.

Pearlmark holds second close for latest mezzanine fund

The firm anticipates another capital closing before year-end and then a final close late in the first quarter.