CMBS

Extend and pretend era of real estate is no more

Special servicers are now rolling up their sleeves.

Navigating the loan maturity wave

As billions in commercial real estate loans come due in a higher-rate environment, advisers and servicers are finding plenty of solutions.

Thinking outside the credit box

Borrowers in today’s market have a lot of options, but they might find there is only so much they can do.

Five key trends driving change in private real estate credit

With $1.8trn of ZIRP-era loans now maturing, the market is shifting from extend-and-pretend to disciplined resolution, and abundant capital is bifurcating sharply between prime assets and distressed pockets.

Winthrop Center capital stack reflects rising C-PACE use case

Nuveen Green Capital, Morgan Stanley and Barclays provided $856m in financing for the Boston mixed-use development.

JLL’s potential exit puts pressure on Chicago’s Aon Center

A $536m loan on the property is in special servicing.

Inaugural US data center financing report tracks $1.3trn debt load

The report by Atrium identifies the growing role of private credit in the sector.

Nomura Securities goes solo on $719m SASB CMBS origination 

Nomura’s US commercial real estate platform launched its biggest SASB CMBS transaction to date.

Barings, North Carolina pension expand partnership with $2.1bn commitment

The Charlotte-based manager has been making a broader push to expand its US and global real estate platforms via public pension funds and other investors.

Wells Fargo, JPMorgan to originate $950m logistics CMBS

A joint venture between Blackstone, GIC and LBA landed the refinancing for a 41-property logistics portfolio.