Sectors

Lending Barometer: Treasury spike chills US originations

The PERE Credit Lending Barometer, which tracks representative data on US and European commercial real estate lending, tracked $12.9bn of new originations across 93 transactions in the US in May.

Incus holds second close of €800m European asset-backed financing fund

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

X-Caliber, CastleGreen close $430.9m redevelopment financing for Hawaii hotel

The managers will be using a blend of senior debt and C-PACE capital to revitalize Reef Capital Partners’ 32-acre Coco Palms Resort in Kuaui.

Private real estate credit is rewriting the hotel redevelopment playbook

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

Invesco set for record six-month Europe lending on back of €300m Carlyle loans

The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.

Madison Realty funds $115m refinancing for Santa Cruz resort

The property is the first luxury beachfront resort in Santa Cruz, California.

Generali Real Estate closes largest loan to date with €330m Madrid hotel deal

The manager’s CEO described the refinancing of the Four Seasons Madrid as transformational for the firm.

Arrow Global’s playbook for value-add returns in European hospitality

With structural trends driving tourism volumes, Southern European hotel and resort assets are increasingly in demand. In this podcast, Arrow Global’s John Calvao scrutinizes the opportunities available to investors.

Nuveen Green Capital’s latest C-PACE financing shows expanded use

The firm’s $223m anchor loan to revitalize the former Cal Neva Hotel in Lake Tahoe, Nevada, signals an effort to return the storied property from road bumps to another heyday.