Terra will use the permanent financing for the first phase of its Centro City development.
The New York-based investment manager secured another major commercial mortgage-backed securities loan followed by its $3.5bn refinancing on the Rockefeller Center.
But the implementation of Basel III regulations and sponsors that are increasingly comfortable with non-bank lenders will help keep the playing field level.
Benefit Street Partners, ORIX USA and Harbor Group International share their outlook for interest rates, borrower headwinds and mortgage real estate investment trusts.
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The borrower is an affiliate of Fort Partners, a developer based in Fort Lauderdale, Florida.
The senior bridge financing will be used by Reger Holdings to recapitalize EastVillage and the Linden Residences.
The securitized market is expected to maintain the momentum seen in 2024.
A commercial real estate recovery depends on a predictable environment.
PERE Credit’s most-read stories include forward-looking interviews with senior real estate executives detailing expansion plans and our annual ranking of real estate debt funds.