PGIM Real Estate wants to further scale its lending platform. But the firm does not want to be all things to all borrowers.
The financing replaces an $85m acquisition loan originated in 2022 on an ultra-luxury condominium development in the Miami area.
Multifamily, industrial and logistics, and mixed-use are the top three property types that secured the highest volume of loans.
The Federal Reserve maintained a target range of 5.25-5.5% for the sixth consecutive meeting in May.
The index was at 21.67% in March compared with 21.18% in January.
The funds closed in 2024 so far generally have a diversified focus.
Indiana Public Retirement made a $150m allocation to 400 Capital’s latest debt fund and a $100m investment in Related Fund Management’s Related Real Estate Fund IV Co-Investment Fund.
The private credit markets are changing rapidly. Here’s what to look for next.
Meet the 50 largest fundraisers in the US commercial real estate lending market.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.