PERE Credit Staff
Cain has lined up $4.3bn of construction financing for the next stage of One Beverly Hills using a blend of private credit and bank capital; Affinius Capital is working across debt and equity aisles on separate New York multifamily deals; Brookfield Asset Management is refinancing a Carlyle- and Property Markets Group-backed residential project with $370m of bridge debt; and more in our round-up of stateside loan deals from the past week.
Private real estate managers banking on continued interest rate cuts this year were met with a pause from the Federal Reserve and signals for further stalls ahead; Benefit Street Partners added to the commercial real estate collateralized loan obligation market’s momentum with a $1.1 billion offering; Savills and Eastdil Secured are set to further concentrate the global real estate credit advisory market with their merger; and more in today’s Term Sheet, exclusively for our valued subscribers.
Alexico Group lined up a $345m refinancing package for The Mark Hotel with a mix of capital from Deutsche Bank, JPMorgan Chase and BDT & MSD Partners; Ares Management is getting a slice of trophy retail in Southern California through a $447m acquisition loan for Victoria Gardens; Peachtree Group is building its lending momentum through a $103m recapitalization and construction completion financing in Miami Beach; and more in our round-up of stateside loan deals from the past week.
Market participant sentiment at MIPIM shows eyes are focused on the future of the US office sector; Avila Real Estate Capital has more institutional commitments inbound on its path to a $1bn real estate credit strategy raise; LACERS ups its real estate credit allocations with commitments to BDT & MSD Partners and Wolff Company; and more in today’s Term Sheet, exclusively for our valued subscribers.
Madison Realty Capital is adding to South Florida’s construction financing activity through a $200 million loan for a Related- and BH Group-sponsored project; Canyon Partners Real Estate is picking up Class A industrial sector exposure in a Philadelphia refinancing deal; PGIM Real Estate is funding the $111 million recapitalization of a Long Island City apartment tower; and more in our round-up of stateside loan deals from the past week.
PERE Credit reveals global purview expansion plans; Accolades for the US commercial real estate credit market go live this week with the reveal of PERE Credit’s 2025 awards; JPMorgan Asset Management makes the case for asset selection over aggregation as alternative sectors further institutionalize; Real estate credit managers look for a reputational split with broader private credit markets during a volatile period; and more in today’s Term Sheet, exclusively for our valued subscribers.
Apollo Global Management is adding to New York City’s office-to-residential conversion queue with a $420m loan for RXR’s reconfiguration of 61 Broadway; Brevet Capital is building up Philadelphia with the addition of a residential tower backed by debt funding from Banco Inbursa; Zenith IOS has more grounds and a $130m credit facility for its industrial outdoor storage expansion alongside JPMorgan Asset Management; and more in our round-up of stateside loan deals from the past week.
This year's awards include categories for mid-market and smaller-balance managers, due to the volume of loans these lenders originate and the key role they play in the market.
A maturing asset class and a return to development and office investment were among the key themes of this year's awards.
Read more about the 2025 PERE Credit Award winners and runners-up in all categories, and how they found their footing after a difficult start to 2025.