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Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028. Multihousing News reports the financing is…
Commercial mortgage-backed securities (CMBS) delinquency rates suggest Whole Foods is a riskier retail tenant than Walmart. That's exactly the wrong conclusion. Among the top 200 CMBS tenants, Whole Foods Market carries a 22.4% delinquency rate, followed by Safeway at 9.7% and Costco at 5.5%. By comparison, Walmart…
A handful of the latest CRE CLO deals lean hard into multifamily collateral and full-term interest-only structures. CRED iQ analyzed loan-level collateral across a handful of the latest CRE CLO deals totaling $4.68 billion and 160 loans of collateral, and the profile points to lenders concentrating risk in the…
Amazon’s commitment to fully occupy one of the three towers securing Jay Paul Company’s $770 million Moffett Towers mortgage removes the single largest cloud hanging over a loan that Morningstar DBRS had flagged for mounting vacancy risk after Google walked away. Amazon has leased an entire 317,000-square-foot…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan for the refinancing of Billy G. Mills Manor, an affordable housing complex next to the University of Southern California in Los Angeles. Jeff Kearns and Laura Woltanski of Walker & Dunlop secured the refinancing through HUD/FHA’s Section 223(f) loan…
SAN DIEGO — Breakthrough Properties and Tishman Speyer have provided a $90 million mezzanine bridge loan for Aperture Del Mar, a Class A life sciences campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. Totaling 538,000 square feet, the four-building lab and office…
The life sciences boom isn’t finished yet. Gemdale USA has secured $90 million in mezzanine debt to refinance Aperture Del Mar, a 538,000-square-foot Class A life science campus that recently opened in San Diego, Calif. Tishman Speyer and Bellco Capital, through their Breakthrough Properties joint venture vehicle,…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…
Korea's FSC plans to ease group loan caps for housing supply while cutting the jeonse loan public guarantee ratio to 70% and restricting non-resident single-home owners, with measures due by the 30th.
As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is…
M&T Realty Capital Corporation (M&T RCC) closed on a $141.4-million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 E. 50th Stt. in Manhattan’s Turtle Bay neighborhood. The financing was provided to an ownership group led by Global Holdings, MAG Partners, and…
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Every commercial real estate loan starts with a single number: how much a lender is willing to lend against a collateral property. That initial number is determined through “loan sizing.” At the proposal stage, the originator receives and organizes materials from the borrower or their broker that report the…
RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland. The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s…
Associated Bank announced the completion of a $6.98 million term loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building located at 3003 Etna Parkway in Pataskala, Ohio, 20 miles west of Columbus. The building, completed in 2022 and leased to Thayer Power & Communication,…
Metropolitan Realty Group has sealed $46.8 million of agency debt for the acquisition and refinancing of a Long Island affordable housing complex, Commercial Observer has learned. Greystone provided the nonrecourse, fixed-rate Fannie Mae-backed loan on the developer’s Pine Town Houses Section 8 garden-style…
ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126…
Trepp Inc. has reported mixed data on CMBS distress levels lately. The volume of private-label securitized loans that are at least 30 days late declined by $3.49 billion, or 3.7%, in June. Conversely, while the volume of CMBS delinquencies shrunk to $43.98 billion, or 7.35% of the overall CMBS universe, the volume…
New York's single-tenant retail market delinquency rate is more than double Los Angeles's. But the real story isn't how much distress exists, but what kind of distress it is. The New York City metropolitan statistical area (MSA) carries an 18.5% delinquency rate, compared with 8.0% in Los Angeles, the…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
First-Citizens Bank has started foreclosure proceedings against two prime Union Square retail buildings after their owner failed to repay a matured $40 million loan, with the lender now claiming more than $40.1 million due on collateral that sits at the doorstep of San Francisco’s marquee shopping district. A…
At the start of 2026, most home builders predicted that high mortgage rates and hesitancy among buyers would be their toughest challenges this year. They weren’t wrong: the 30-year mortgage rate averaged 6.49% in June and housing demand has weakened, as reflected by flat mortgage applications in the first half of…
Argentine government announces deregulatory measures aimed at easing securitization of mortgage loan portfolios to stimulate housing credit activity.
Alter Investment rozpoczęło współpracę z Gessel Trust Services w zakresie administrowania zabezpieczeniami hipotecznymi. Partnerstwo dotyczy finansowania nieruchomościowych projektów w formule private debt.
Romania's commercial real estate sector accounts for 54% of loans granted to non-financial companies and recorded a 15% annual increase in financing, according to an analysis by Cushman & Wakefield Echinox based on data from the National Bank of Romania (NBR). At the end of March 2026, credit institutions' exposure…
At Korea's National Public Debate on Real Estate Policy, calls mounted to ease relocation loan rules for redevelopment, as multi-home owner limits raise costs and delay projects.
One of the largest construction lenders in the U.S. is still shrinking its real estate portfolio, according to second-quarter earnings results. Bank OZK's real estate exposure fell to 47% of its overall loan book in the second quarter, down from 52%...
CBRE survey reports lender intentions and expectations for increased lending activity across European real estate markets.
Article reports on banks' strategies for reducing exposure to distressed commercial real estate loans through creative asset management and portfolio repositioning.
Boyd Wilson LLC has acquired The Landings, a 384-unit apartment community in Bethlehem, Pennsylvania, for $97 million. The transaction was supported by a $67.9 million Northmarq-Freddie Mac senior loan and $13.5 million in preferred equity from Northmarq Fund Management. The acquisition was executed alongside…
Essex Capital Markets completed the arrangement of a $19.57 million acquisition and construction loan for the redevelopment of 226 W. Ontario Street in Chicago’s River North neighborhood. The financing will support the conversion of the existing office building into a 70-unit residential property, including 60…
A joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P. Morgan Chase supplied the five-year, floating-rate loan on the sponsorship’s logistics portfolio…
Promising another morose summer in the housing market.
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The most competitive corner of the retail CRE lending market right now is not the safest slice of the stack. It is the middle. Over the past year, lenders have gotten meaningfully more aggressive on the 60-65% loan-to-value (LTV) band, tightening the marginal price of that incremental debt while pricing on the…
RBH Group has landed $36.7 million of pre-development financing for a mixed-use multifamily project in Newark, N.J., Commercial Observer has learned. CDK Lending provided the loan on the developer’s planned 420-unit apartment complex with ground-floor retail space at 101 Market Street in Newark’s Four Corners…
DALLAS — JLL has arranged undisclosed amounts of construction debt and joint venture equity for 8300 Douglas, a mixed-use project that will be located in the Preston Center submarket of Dallas. Designed by HKS Architects, 8300 Douglas will consist of a 12-story, 300,000-square-foot office building that will be the…
U.S. markets defined by sectors most exposed to AI-driven job displacement are also seeing the strongest real estate demand from AI companies, according to new research from JLL. Conducted in partnership with MIT’s Sloan School of Management and Center for Real Estate, the research shows that AI is creating deep…
JLL Capital Markets arranged a $78.7 million construction takeout financing for The Flynn at Live Oak, a five-story, 327-unit newly completed luxury multifamily community in Dallas, Texas. JLL represented the borrower, Conor Commercial Real Estate and Globe Corporation, in securing the loan through funds managed by…
A strong local economy should translate into safer retail credit performance. Faster income growth gives households more room to spend, supports tenant sales, and should improve the performance of loans backed by retail properties. We ranked states by real wage growth and compared retail commercial mortgage-backed…
A San Francisco Superior Court judge has placed the historic Central Tower into receivership after owner CIM Group defaulted on a $98 million loan, and lenders are now advancing toward a foreclosure that could strip the Los Angeles investor of the two-building property by the end of the year. One of San Francisco’s…
BALTIMORE — JLL has secured a $621 million loan for the refinancing of a 58-property, 6.3 million-square-foot industrial portfolio in Maryland owned by Merritt Properties, a Baltimore-based industrial developer and operator. Pete Pittroff, Anthony Fertitta, Travis Anderson, Evan Parker and Christopher Pratt of JLL…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the cash-neutral refinancing of Everly at Morrison Ranch, a apartment community located in Gilbert. Built in 2025, the Class A, garden-style community features 236 apartments that…
U.S. bank real estate loan balances totaled $6.14 trillion in the first quarter of 2026, according to CRED iQ data. Since the first quarter of 2019, the composition of that real estate loan balance book has shifted measurably. Multifamily balances grew the fastest in percentage terms, rising about 53 percent, while…
Analysis of how regulatory capital relief may influence US bank competition with non-bank mortgage lenders.
Romania’s commercial real estate sector accounts for 54 pct of the loans granted to non-financial companies and recorded a 15 pct annual increase in financing, while the non-performing loan (NPL) ratio, which stands at 6.2 pct, remains below the levels reported for certain segments considered more exposed to risk,…
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of bank failures have swung back to a posture Newmark’s Ramsey Daya describes as a fist fight for good deals. Speaking at The Registry’s annual San Francisco Mid-Year Broker Forum in…
Greystone and Cushman & Wakefield provide current debt financing rates and market conditions specific to student housing properties.
KIB Invest participated in a $2.75 billion sukuk issuance by Saudi Real Estate Refinance Company.
The landscape of cross-border real estate financing between Hong Kong and Singapore is rapidly evolving. As global investors recalibrate their portfolios amid shifting interest rates and market corrections, we are witnessing a distinct change in how high-net-worth individuals (HNWIs) and corporate entities leverage…
KKR Real Estate Finance Trust explores sale or merger after losses mount. The mortgage REIT's shares have dropped 65% in five years. The post Mortgage REIT Backed by KKR Explores Exit Amid Sector Losses appeared first on Propmodo .
An apartment complex in Tampa secured a $107.7 million loan, according to Tampa Bay Business & Wealth.
Morgan Stanley is leveraging hybrid bonds, private-credit vehicles, and chip-backed loans to position itself as a leading financier of data-center investments driven by AI infrastructure demand.
Public Storage announced pricing of a $900 million senior notes offering at 4.855% effective interest rate to finance its acquisition of National Storage Affiliates Trust.
Pearlmark announced that it closed on a $24.2 million debt investment for the acquisition of 1201 W Lake Street, a seven-story, 141,771 square foot office building located in Chicago, Illinois. The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. The property…
Andover Lending closed two self-storage debt facilities totaling $23.5 million.
A $40.8 million refinancing was arranged for a 200,750-square-foot manufacturing and R&D portfolio in Wilmington.
EagleBridge Capital obtained construction financing for a townhome development project in Swansea.
A joint venture between the Ardent Companies and StepStone Real Estate has secured a $140 million loan to refinance a portfolio of eight, Class A self-storage properties in seven northeastern U.S. states, according to a release. ACORE Capital provided the debt, structured as a floating-rate loan, while a JLL…
Disclaimer: This is an excerpt from Trepp's "Where the Second-Half 2026 CMBS Refinance Gap Is Hiding" report. Click here to access it . Commercial real estate headlines continue to focus on the next wave of loan maturities. The assumption is straightforward: billions of dollars are coming due, making refinancing…
PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinance of Everly at Morrison Ranch, located at 4353 E. Elliot Road in Gilbert. Built in 2025, the 236-unit Class A garden-style multifamily community is 97% leased and is within Morrison…
JLL’s M&A and Corporate Advisory, Corporate Banking Advisory and Debt & Equity Advisory teams collectively secured $617 million in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT. Both are Grubb Properties-managed REITs, along with Link Apartments 8 Carlisle, a 64-story, Class A…