Alternative Lenders

TPG closes $285m bridge loan for Brooklyn multifamily property

The funding will be used by an affiliate of Madison Realty Capital to refinance the 473-unit Greenpoint Central in the asset’s namesake submarket.

Lending Barometer: Lending activity surges as transaction volume picks up

PERE Credit’s Lending Barometer tracked $10.64bn of loan transactions in September and $9.9bn in October.

Blackstone’s 2021 Las Vegas hotel bet pays out with refinancing, stake sale set

The manager is refinancing debt on its ARIA Resort & Casino and Vdara Hotel & Spa via a CMBS loan and a preferred equity sale.

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

Sculptor’s early investments for its $4.6bn opportunistic fund reveal a cautious stance

The bulk of the deployment for Sculptor Real Estate Fund V has come via mezzanine debt and preferred equity investments, indicating how some opportunistic investors are mitigating risk.

LaSalle IM names new global CEO, president

Americas head Brad Gries will assume the top job at the Chicago-based manager as incumbent chief executive Mark Gabbay transitions to executive chair.