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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.
The financing demonstrates a belief in the return of business travel as the US emerges from the covid-19 pandemic.