Term Sheet: Starwood’s $1.72bn recap; ACORE and Mavik’s blend; KKR’s global lending leadership

Starwood Capital has scored a critical agency refinancing line with $1.7bn of capital set to back a 12,955-unit affordable and workforce housing portfolio; ACORE Capital and Mavik Capital are blending senior debt and preferred equity to complete and lease-up a multifamily project in Washington; KKR has globalized its lending operations with the announcement of Joel Traut as leader of the firm’s full platform; and more in today’s Term Sheet, exclusively for our valued subscribers.