Term Sheet: Grubb’s FiDi high-rise; Incus’ latest close; Federal Reserve’s policy projection

Residential development in New York City is being spurred further by private real estate debt with a Maxim Capital-led $377 million construction financing; Incus Capital has held the second close of its latest strategy geared in part toward real estate credit en route to an €800 million target; interest rates in the US could rise before year-end according to revised outlook research from Park Madison Partners; and more in today’s Term Sheet, exclusively for our valued subscribers.

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