Paramount plots the redevelopment of a New York office tower with $575 million of financing from Aareal Capital; Related, Kennedy Wilson and United Fire continue construction momentum in Miami’s Wynwood neighborhood with $141.5 million deal; senior housing continues to draw attention as 1031 Crowdfunding launches a bespoke bridge fund for the sector; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Paris-based bank is seeking to increase financing options for alternative lenders.
The data-driven manager deployed the capital via its Origin Strategic Credit Fund.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
Analysts said the asset class is facing expected pressure and risks within control.
The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.
The Stern Center for Sustainable Business believes New York’s largest banks and lenders will play a key role in a broader decarbonization strategy.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.
Toby Cobb, co-founder and managing partner, also sees a herd mentality emerging around five-year, floating-rate loans.
The firm's global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.