Lending

Data centers investors should look for insulation while future return concerns persist

Speakers at last week’s ULI’s Spring Meeting questioned whether data center hype is outweighing real returns. That brings the relative safety of accessing the asset class via lending into focus.

Madison Realty Capital funds $720m office-to-resi conversion for New York’s Pfizer building 

The deal is the largest office-to-resi conversion in New York city history

Berkadia arranges $130m Virginia workforce housing refinancing

The loan package consists of a $113.8m Freddie Mac loan and a $15.6m preferred equity investment.

Monarch, Ares originate $413m financing for Miami towers

Property Markets Group will use the funding to build a two-tower, mixed-use project in the city’s Brickell neighborhood.

Archway kicks off second credit strategy

The Los Angeles-based firm is targeting $100m for the fund by the end of 2026.

BlackRock sees $1trn maturity wall as sector’s most serious challenge

The New York-based investment management company is raising concerns about the volume of loans slated to mature in 2025 and 2026.