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PERE Credit has tracked $2.2bn of New York office to residential loans in the first quarter of 2026.
The improving outlook for US office properties comes amid an increase in debt and equity activity in markets like New York and across California.
Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.
The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.
A maturing asset class and a return to development and office investment were among the key themes of this year's awards.
CIM’s Daniel Ottensoser discusses how liquidity-constrained areas of the real estate credit markets may offer attractive risk-adjusted return potential
As distressed office properties continue to reach resolutions, lenders see financing opportunities amid increasing sale transactions.
The CBRE-arranged funding will be used by owners Shorenstein and Stiles to capitalize 110 East following the asset’s 2024 delivery.
The capital stack for Post Brothers’ planned conversion includes a record $465m C-PACE financing from NGC alongside Mavik’s $110m senior loan.
The Bank of America-led CMBS loan represented one of the largest SASB deals in Georgia for 2025.