Shihao Feng
Cain International and OKO Group will pay off prior construction financing from MSD Partners for the Miami trophy office.
The transaction represents Värde's conviction around the demand dynamics of the Silicon Valley housing market.
The reputation of the sponsor is emerging as a key factor for lenders of all stripes.
The supply-demand fundamentals in the sector have also meant more attention from institutional investors.
Goldman acted as the sole book runner for the loan, which is backed by a luxury hotel property.
The Canadian developer received financing for its properties across Chicago and Los Angeles.
The regional bank doubled down on an entirely affordable housing project through the private-public partnership.
The sponsors passed another milestone after acquiring the landmark hotel in a record transaction.
A $1.4bn offering on a portfolio of data centers owned by Blackstone capped a strong week for a surging CMBS market.
The sponsors lined up the financing after acquiring the property from Brookfield Asset Management last year.