Lending

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.

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.

Urban Investment closes $116m construction loan for Syracuse resi overhaul

The funding is part of a $269m recapitalization for BFC and SAA Canopy’s planned 393-unit rebuild of Parkside Commons.

Boston Retirement System seeks to make new real estate credit commitments

The $8.9bn pension aims to commit $15m-$30m to real estate credit in 2026.

Nuveen Green Capital funds $101m C-PACE deal for Newark studio

The 270,000-square-foot film and television production asset will be anchored by Lionsgate and marks New Jersey’s largest C-PACE deal to date.

S3 Capital details next platform targets following $10bn milestone

The New York-based manager is looking for construction lending opportunities in and beyond the stateside Sun Belt market for its next $10bn of volume.

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.