Refinancing

Credit rating agency KBRA took the action following the latest valuation of the asset.

San Antonio-based manager continues its 2026 lending streak with a deal backed by PCCP, Claremont Development and Stanberry Development group.

Analysis by CREFi, a real estate debt data platform, attributes the growth to the expansion of non-bank lenders.

More insurance company investors are moving toward allocations and partnerships with US and European real estate private credit managers as their income needs grow.

Attendees at June’s PERE Credit 100 launch breakfast briefing heard the need for income is driving capital to real estate credit.

Repeat borrower Metro Development Group will use the financing to recapitalize a portfolio of 10 residential communities.

The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.

The advisory found that 72% of respondents see room to increase originations in 2026.

A joint venture between Affinius Capital and Corscale will use the funding to support a 72MW power facility at the Gainesville Crossing campus.

The San Antonio-based manager continues its active 2026 lending pace with the backing of a 302-unit asset on behalf of AAA Management.