Lending

Ascent hires Richardson for new chief credit officer role

John Richardson joins the firm from Arbor Realty Trust, where he filled a similar role.

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.

Lenders, take heed of the data center backlash

Social and political opposition is a growing risk to all stakeholders in the rapidly growing sector.

Mavik, Madison Realty team up for $56m acquisition finance package

New York-based Mavik funded a $12m preferred equity loan for the acquisition of a suburban Minneapolis industrial property.

Lenders are trimming debt duration as higher rates persist

JLL-advised dealflow data indicates lenders and sponsors are not waiting for rates to move as they act on immediate borrowing needs.

Office lending has a fresh lease on life in San Francisco

The city was hit hard by the covid-19 pandemic but is rebounding as occupancy and origination conviction is restored.

Exclusive: Eldridge funds $278m refinancing for trophy Atlanta office

The financing comes amid a resurgence in activity for high-quality office properties.

Loans in focus: AB’s Brooklyn mixed-use refi; PGIM’s industrial recap; Blackstone’s multifamily bundle

In today’s edition, AllianceBernstein is extending its year-to-date lending run with a $137.5 million refinancing deal in Brooklyn’s Bedford-Stuyvesant submarket; PGIM is adding to its industrial debt portfolio with a $213 million cross-collateralized package spanning major US markets; Blackstone is preparing a swath of multifamily assets for a commercial mortgage-backed securities loan; and more in our round-up of global loan deals from the past week.

AllianceBernstein funds $137.5m refi for Brooklyn mixed-use tower

The Nashville-based manager extends its Northeast US lending streak, which has largely bulked multifamily and industrial sector exposure year-to-date.