lending

Chair Jerome Powell says the Federal Reserve will likely cut rates twice in 2025, significantly less than the four reductions expected prior to its meeting.

Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.

The US national debt is a macroeconomic issue, one that may not touch the lives of commercial real estate lenders and borrowers on a day-to-day basis.

ACORE Credit Partners II alone raised $1.4bn of capital in 2024.

The bridge loan was secured by California resi developer AMCAL Equities.

The New York lender specializes in long-term credit tenant lease loans.

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 pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.

The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.

Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.