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The financing will be used to launch development of a transit-oriented project in East Orange.
Real Estate Capital USA looks at why the debt markets are slowing down and when they will thaw.
The Chicago credit union is seeing an uptick in bridge-to-bridge lending.
Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.
Barings is providing $75m in mezzanine financing for the development of 470 Kent Street.
Newmark arranged the deal for Tribeca Investment Group, PGIM Real Estate and Meadow Partners.
The Houston-based firm recently refinanced debt on a $50m multifamily project.
Fannie, Freddie volume caps reduced from $78bn to $75bn.
The move marks PGIM’s largest transaction of the year.
Ackman-Ziff arranged the loan on behalf of reAlpha, a specialist in the growing multifamily niche.