alternative lenders

Continuity concerns over the manager’s $650m sale to Barings appear to be quelled as it pulls in its second-largest capital haul to date.

The financing replaces a $463m maturing commercial mortgage-backed securities loan that matured in June.

The loan facilitates the construction of a 590-unit multifamily property, a planned development in Brooklyn. 

Traditional lenders are coming back to the commercial real estate space, but at lower leverage levels than in the past.

The move is expected to have a positive impact on liquidity in the commercial real estate market.

The partners will fund the development of Harper Square, a planned 45-story multifamily development that is close to the city’s Rittenhouse Square submarket.

Post-tariff volatility is changing the way opportunistic capital is allocated.

The senior housing and multifamily bridge lender originated a $455m refinancing component and a $15m working capital line as part of the deal.

The New York-based real estate private equity and credit manager exceeded its $250m target for the fund.

The global co-head of real estate is leaving after a 15-year tenure, placing Nadeem Meghji into sole leadership of the manager's real estate portfolio.