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The loan marks the firm's single-largest origination to date and represents a move beyond its South Florida development stronghold.
The loan will fund Edge Property Group’s 276-unit, 321-bed project at 465 West 165th Street in Manhattan’s Washington Heights submarket.
Back leverage fuelled alternative lenders’ growth in origination volumes in 2025, the report’s author says.
A survey by the firm shows lending in the region remains concentrated with a limited number of providers.
A US credit firm has provided the specialist real estate lender with £100m of capital for the strategy.
The alternative lender said borrowers are struggling to source construction loans as bank liquidity dries up.
The bank’s global head of digital infrastructure advisory says real estate finance will have an important but limited role in the sector.
Margins remained stable during Q1, but the firm has observed growing nervousness around agreeing loan terms.
The chief executive of pbb Deutsche Pfandbriefbank said its US exit and a ‘sluggish’ recovery will continue to weigh on the lender.
The loan is the second time the lender has issued debt to developer YourTRIBE.