Capital markets

Firms which rank among the biggest non-bank lenders to UK real estate are among those contributing to a major stress-testing exercise by the central bank.

This week’s CRE Finance Council conference in New York used the music of the legendary rocker to put today’s market into context.

The FirstSun Capital Bancorp affiliate sold the performing multifamily commercial real estate loan pool to reposition its balance sheet.

The loan was originated through Northwind Debt Fund III, the firm's flagship closed-end credit vehicle.

The financing was originated for Respark Residential and LaTerra Capital Management and was used to fund the acquisition of a 1,495-unit portfolio.

The New York-headquartered manager’s green bond issuance was more than five times oversubscribed.

Interest rate shocks, trade disruptions and the conflict in Iran have prevented a typical commercial real estate recovery from occurring.

Real estate private credit has worldwide scope today, says Tim Johnson. But Blackstone’s global head of real estate debt tells PERE Credit that does not make it straightforward.

On June 1, PERE Credit will be expanding our remit to include Europe and the APAC region via a combination with our European affiliate, Real Estate Capital Europe.

The venture is the latest in a series of residential-focused platforms, which include a targeted $1bn platform launched earlier this month by EMCAP Financial and Smith Hill Capital.