Real estate debt: archive
Every Real estate debt story in Real Estate, newest first. 457 stories
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Newmark arranges $369 million Fannie Mae facility for April Housing's Florida portfolio
The interest-only facility splits into a $221.4 million fixed-rate draw and a $147.6 million floating-rate draw across 11 properties.
Northwind Group closes $1 billion real estate credit fund, double its target
The lender set a $500 million goal in January 2025; the fund is nearly 60% deployed and typically writes $100 million to $200 million senior loans.
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JLL places $49.75M Forbright Bank bridge loan on Thousand Oaks campus
Alta West Partners bought Lakeview Innovation Center at 50% leased in September 2024 and has since filled the property, according to Connect CRE.
Kam Sang affiliate buys $290M Downtown Los Angeles office loan at undisclosed discount
Wells Fargo Center South, a 45-story Bunker Hill tower, was about 42% leased when Newmark closed the loan sale.
Alta West Partners closed $49.8M Forbright Bank bridge loan on Thousand Oaks R&D campus
Leasing and capital improvements at the fully leased campus lifted net operating income more than 170 percent, JLL said.
Blackstone's six Blackjack apartment properties enter special servicing after 15 communities sold
The 1,842 remaining units in the 6,671-unit Blackjack Portfolio transferred after 15 communities were sold, per Multifamily Dive.
Trepp: $3.83 billion of Denver multifamily debt sits on watchlists
The monitored balance equals 13.6% of the market's $28.24 billion, while the Denver-Aurora-Centennial MSA delinquency rate runs at 1.13%, according to Trepp.
ACORE Capital lends $45.5M to refinance 511 Fifth Avenue
Meridian Capital Group negotiated the nonrecourse loan for a Wharton, Aurora and ACHS venture whose recent signings include GE Aerospace, WeWork and Wavestone.
Nuveen Green Capital closes $68.6M C-PACE for Fredericksburg's The Meuse
Administered through the Texas PACE Authority, the financing splits $53.2 million for a Kimpton hotel and $15.4 million for retail.
SitusAMC's Umsted ties first-time CRE CLO issuance to a 70-75% multifamily share
The securitization head told Commercial Observer that lenders holding warehouse lines and originated multifamily pools are finding CLO execution attractive.
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CRED iQ estimates a $6.8 billion equity gap in maturing multifamily debt
Loans written in 2021 and 2022 at a median 3.35% coupon account for the largest share of the shortfalls.
SL Green and Mori Trust refinance 245 Park Ave. with $2B loan at 6.52%
The five-year single-asset CMBS loan replaces $1.768 billion of mortgage and mezzanine debt on the 1.8 million-square-foot tower.
Blackstone's $1.3 billion CMBS multifamily loan lands in special servicing
The loan matured earlier this month with $517.7 million outstanding on six remaining properties, according to Morningstar Credit.
Trepp: two borrowers account for 89% of delinquent SASB multifamily debt
Removing the two borrowers' $1.00 billion would leave a 0.45% delinquency rate on the $28.44 billion SASB multifamily balance, Trepp calculates.
S3 Capital lends $52.5M for 28-unit Upper East Side condo tower
Grand Cru Real Estate and Visabe plan a 20-story building at 1527 York Avenue, with construction slated to begin in early 2027.
ICBC's U.S. arm lends $24.4M to refinance NoMad office tower
The 16-story, 71,871-square-foot building was bought by LMR Assets for $31.3 million in June 2024.
September CMBS delinquency rises to 8.02%, led by office and hotel loans
In August, private-label multifamily securities had a 7.69% delinquency rate against Freddie Mac's 0.8%, Trepp data show.
STRE Management and Lloyd Jones refinance The Vibe with $50.8M CMBS loan
JLL's debt advisory team placed the five-year fixed-rate loan on the 194-unit Little Havana property, which was 96.4% leased.
CBRE arranged a $17.1 million City National refinancing for Crawford's Peachtree Corners HQ
The five-story building is fully leased to Crawford & Company, which has based its global headquarters there since 2017.
Akara and Deven Group close construction financing for 305-bed SDSU housing
The eight-story College Avenue project targets delivery for the 2028–29 academic year; the announcement gives no lender, loan amount or debt-equity split.
DayOne upsizes Malaysia term financing to $7.2 billion as billings pass 1 GW
A seven-lender consortium arranged the senior secured multicurrency facility, which DayOne says builds on the roughly $3.5 billion syndication secured in May 2025.
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Merchants Capital secures $30.7M Freddie Mac forward loan for Indianapolis LIHTC project
The 227-unit Central at Old Southside, developed by The Annex Group, is scheduled to start construction in 2026 and finish in 2028.
PCCP lends $41M to refinance Foulger-Pratt's San Diego apartments
The senior loan replaces construction debt on Tenney North Park, a 125-unit building completed in 2025.
Pearlmark lends Empira $81M for Coral Gables apartment tower
CBRE arranged the $81 million construction loan for the 160-unit Aurelian. Empira's earlier Miami apartment loan was $111.3 million in Brickell.
FHA opens insured financing to build-to-rent projects
BTR projects must sit on a single uninterrupted site and run as one property to qualify for new construction and acquisition or refinancing programs.
Trepp: 2021-22 multifamily CRE CLO loans hold 12% of top-state balance, 80% of delinquent balance
The cohort's median net cash flow DSCR fell to 0.64x in the most recent reporting period from 1.60x at securitization, Trepp reports.
Ares Real Estate refinances 599-unit apartment pair with $107.5M SMBC loan
CBRE arranged the debt across Axis 110 in Richardson, Texas and Skye 750 in King of Prussia, Pennsylvania; terms were not disclosed.
Noah Properties gets $62.5 million Walker & Dunlop pre-TCO loan in Buffalo Grove
The loan retires construction debt before the 223-unit building receives its temporary certificate of occupancy, with an interest reserve carrying it through lease-up.
908 Group breaks ground on UF student housing with Pacific Life loan
The 219-unit Chapter House UF is 908 Group's fifth joint venture with Batson-Cook Development and its fourth construction loan from Pacific Life.
Hyatt Regency Waikiki's $302M CMBS loan goes to special servicing
Mirae Asset missed the final maturity payment on the 2021 single-borrower loan while negotiating a sale of the 1,230-key Honolulu resort.
Trinity Investments secures $210 million refinancing for Grand Hyatt Indian Wells
The 531-key Coachella Valley resort recently completed a $62 million renovation and conversion to the Grand Hyatt flag.
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Related Urban arranges $129M for Gallery Lummus Parc in Miami
Greystone says it is providing $80 million in construction financing and identified a $60 million tax-exempt Freddie Mac permanent loan.
Walker & Dunlop arranges $216M bridge refinancing for 568 Broadway with ACORE Capital
The 390,745-square-foot SoHo building has 70,870 square feet of fully leased retail space, including Hugo Boss and Equinox.
BridgeCity provides $83.5M for Midtown East office-to-resi conversion
The loan closed Oct. 13 for CSC Real Estate's 136-unit project at 136 East 57th Street, across from a TF Cornerstone conversion.
Flatiron Energy closes $850M in financing commitments for Chelsea battery storage project
The package combines construction, bridge, term and letter of credit facilities with preferred equity and a tax credit transfer commitment from two Fortune 500 corporations.
Double U Development secures $23M Colorado Federal Bank loan for Greenpoint apartments
The 60-unit project at 144 Greenpoint Avenue carries an estimated $30 million total cost and is slated for 2028 completion.
Sunrise and Southern Realty sell Thompson San Antonio hotel to Loren Group for $41M
The sale includes $9 million in cash and $32 million in seller debt after the sellers took the hotel at a March auction.
Pearlmark closes $19.9M debt investment for 144-unit Kannapolis property
The investment was originated for Pearlmark Realty Senior Mortgage Partners I, L.P. and financed ESJ Capital Partners' acquisition of the 2021-vintage Bridges of Cabarrus.
Private-label CMBS holds half of delinquent multifamily debt, Trepp finds
Private-label deals are 12% of the tracked universe but 50.2% of August's delinquent multifamily debt.
Canyon Partners provides $48 million senior loan for Greenville apartment refinancing
Walker & Dunlop arranged the cash-neutral refinancing of the 286-unit NorthPointe Apartments, per IREI.