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The financing arrives mid-construction for Southern Land Company’s luxury multifamily project Capella in the city’s Symphony Park neighborhood.
The lending trio is funding the development of a 46-story rental and condominium tower backed by Baron Property Group and LargaVista Companies.
The financing originated by BREDS replaces prior senior debt from AIG and a mezzanine loan from Related's credit funds business for the first phase of The Journal.
The manager originated $20m in mezzanine financing for a Phoenix-area deal and closed a programmatic credit facility with industrial specialist Phoenix Investors.
The financing adds to Madison’s original $112m construction loan to build the property in 2021.
Sponsors Charney Companies and Tavros are set to build a 55-story skyscraper in New York’s Long Island City submarket.
The asset management giant's long-time property chief will transition to executive chair, according to an internal memo.
Advance Realty and Greek Development will use the funding for phase two of Linden Logistics Center in New Jersey.
Alternative lenders were ready for a market reboot. What they got instead was a return of disruption.
The bank is all-in on the project backed by a joint venture including Blue Owl Capital, Primary Digital Infrastructure and Crusoe.