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Sunday, October 4, 2026The Morning Brief →Sign in
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BDT & MSD

In PWD coverage since August 19, 2026 · 6 stories
1Deals on our tracker
Deal recordFull tracker →
Sep 23, 26Deal closedDeutsche Bank · Legion Investment Group · SMA Equities · Walker & Dunlop — coverage
PWD coverage
Deals & PE

Legion and SMA debt-fund a tower that doesn't exist yet

A $99 million loan carries the sponsors through demolition on three Upper East Side parcels, which puts the risk exactly where no income statement can reach it.
Deals & PE · Sep 25A $99M loan prices twenty years of Upper East Side assemblage
capital · Sep 16Real estate equity now forms around the deal, not the blind pool
funds · Sep 15Managers are filing 2027's wrappers before they have the money
Deals & PE · Sep 12Vanguard's $4.6 billion buys the account rail
capital · Aug 19Fresh real estate equity forms in BDT & MSD's new funds
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