Alternative Lenders

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.

Berkshire Residential notched the largest capital raise for the first two months of the year, with $1.9bn for Berkshire Bridge Loan Investors III.

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

Five executives have been elevated to key global or regional roles as part of the Miami-based manager’s long-term succession planning.

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.

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

The loan will be backed by 93 shopping centers, totaling 10.5 million square feet.

Lending is gaining momentum, starting with a resurgent CMBS market, which saw $36.3bn worth of issuance through mid-March, up from the $14.4bn seen during the same period in 2024.

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.

The affordable housing development’s financing is being led by New York State Homes and Community Renewal.