refinancing

Lending volume is gaining momentum, but several factors are dragging down a true recovery.

PERE Credit has tracked $2.2bn of New York office to residential loans in the first quarter of 2026.

The lenders jointly originated the financing to replace existing debt and fund the lease-up of the Class A, two-building Bridge Point Philadelphia.

The portfolio consists of 15 Graduate by Hilton properties in markets including Michigan and Virginia.

The CBRE-arranged funding will be used by owners Shorenstein and Stiles to capitalize 110 East following the asset’s 2024 delivery.

JEMB Realty will use the $8m loan to fund Herald Towers' infrastructure upgrades alongside existing debt from Blackstone and Corebridge.

The floating-rate bridge loan will be used by L&L Holding Company and Oak Row Equities to retire construction debt and fund remaining leasing costs.

An attractive balance of risk and return in the mid-market is seeing many lenders shift their attention away from larger transactions to more defensible deals.

The Chicago-based manager is adding to existing optimism for residential and logistics sectors as the broader landscape enters another growth cycle.

The firm has hired Lisa Nordel as a managing director to bolster its underwriting, portfolio construction and institutional partnerships.