PERE Credit Staff
Elevated interest rates and ongoing liquidity pressures are accelerating PIMCO’s bridge lending activity, says Seray Incoglu, executive vice-president, global private commercial real estate.
The Federal Reserve cut rates by 50 basis points in September and another 25 basis points in November, for a target rate of 4.75-5%.
Rockwood Capital is poised to expand its bridge lending strategy as borrowers seek additional time to execute their business plans, according to Niraj Shah, partner
Oaktree sees opportunities in taking advantage of the value reset in commercial real estate, says head of real estate credit Justin Guichard.
ArrowMark Partners is ready to lend as borrowers seek to extend, refinance debt, says Rob Brown, portfolio manager at ArrowMark Partners
Private real estate credit managers are looking toward rates, rent regulations and zoning for momentum indications following US election; Brookfield seals a timely $700 million refinancing to re-up its Denver area retail exposure; Nuveen Green Capital notches a personal record $220 million C-PACE deal for NorCal office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.
As we prepare to open submissions, we would like to inform you of major updates being made to the awards process.
Finance industry veteran Diana Reid takes on top role at Freddie Mac; Sidelined bank lenders may have more reason to increase lending with the Federal Reserve scaling back Basel III proposals; TYKO Capital has more Miami ambitions with $527 million financing on tap for Related and Integra’s latest condo construction plans; and more in today’s Term Sheet, exclusively for our valued subscribers.
The rise in prominence of C-PACE financing is on full display for a Los Angeles mixed-use project with $315.5 million of funding from Barings and Counterpointe; Mesa West Capital has growth ambitions under Ronnie Gul and Raphael Fishbach’s leadership; an iconic California mall is headed ‘Back to the Future’ with fresh financing from Hankey Capital on tap for its redevelopment; and more in today’s Term Sheet, exclusively for our valued subscribers.
TPG Next is adding to the wave of lending platform launches with an anchor investment to help start Caro Investors; IGIS Asset Management is replacing JPMorgan Chase as Extell Development’s project lender for IKEA-anchored mixed-use tower; Mesa West has appetite for more senior living loans following Virginia refinance; and more in today’s Term Sheet, exclusively for our valued subscribers.