Construction

Peachtree closes $103m bridge loan for Miami Beach hotel completion

The funding will help recapitalize and fuel development of the 289-key Hilton Miami Beach Convention Center Hotel ahead of its May opening.

Avila holds second close of sequel real estate credit strategy at $200m

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

Madison Realty Capital funds $200m loan for West Palm Beach condo build

The luxury condominium property is backed by presold revenues and received competitive financing from the New York-based private manager.

Resi conversions are helping to bring Manhattan’s office market back into favor

Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.

Apollo closes $420m office-to-resi construction loan for RXR-backed conversion

The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.

Institutional lenders set for first stab at the next generation of New York skyscrapers

The planned developments of 2 World Trade Center and 350 Park Avenue in New York represent grail opportunities for private debt markets to participate.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatization by the Canadian manager.

Madison Realty Capital, KSL fund $371m Nashville mixed-use development

Tidal Real Estate Partners will use the financing for the development of The Nashville EDITION, a hotel and residential development.

Derby Lane closes $191.5m office-to-resi loan for GFP’s 40 Exchange Place

The 20-story tower in Manhattan’s Financial District will be converted into a 382-unit multifamily property with a mix of market-rate and affordable housing.