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Alternative lenders are backing the city's luxury condo boom.
The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.
Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.
In a newly published white paper, the New York-based advisory company cites the costs of scaling lending platforms, the impact of more complex capital structures, and a rise in specially serviced loans.
The Fed’s recent rate cut is not expected to significantly move the needle for commercial real estate lenders and borrowers, but provides and indicator of stability.
The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.
The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.
CPP Investments was second, with $1.24bn allocated.
Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.