Capital Markets

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.

Hines, Rialto hold first close for targeted $2.5bn office-focused credit fund

The partners see potential to originate loans on high-quality office properties around the US.

Deloitte report: The era of financial engineering is over 

Real estate sponsors are sharpening their focus on asset management as operating costs keep the pressure on.

SitusAMC: ‘Generational’ lending opportunity comes with risks 

In a newly published white paper, the New York-based advisory company cites the costs of scaling lending platforms, the impact of more complex capital structures, and a rise in specially serviced loans.

Commercial mortgage rate spreads: Lenders, borrowers seek stability after September rate cut

The Fed’s recent rate cut is not expected to significantly move the needle for commercial real estate lenders and borrowers, but provides and indicator of stability.

K-LOC Index: KBRA Credit Profile loans of concern notch upward

The index was at 23.71% in July, compared with 23.25% in June and 22.91 percent in May.

Capital watch: Multifamily tops the charts for real estate private credit managers

The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.

Bayview adds ex-Kayne Anderson exec to head real estate debt

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

Benefit Street Partners closes $1bn CRE CLO

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.