Real estate debt: archive
Every Real estate debt story in Real Estate, newest first. 449 stories
1 story
KKR supplies $95 million 10-year loan for Brooklyn apartments
Bridge, Declaration Partners and Avery Hall are the sponsors; coupon and spread were not disclosed.
5 stories
Northmarq arranges $95.8M Voya refinancing for E&S Ring's 1,461 Southern California apartments
Six non-cross-collateralized loans replace existing debt on E&S Ring buildings in Brentwood, Culver City, Victorville, Los Feliz and Mid-Wilshire.
Newmark launches multifamily bridge program with $35M Georgia loan
The first loan is a $35 million refinancing of MFP Capital's 264-unit Independence Place in Hinesville, Ga., Commercial Observer reports.
Affinius Capital lends $97.9M to refinance D.C.'s Lydian apartments
The 324-unit Mount Vernon Triangle building, completed in 2018, carries roughly $302,000 of loan per unit as District rents slip.
Hillwood refinances three Midlothian warehouses with $94M loan from Affinius
JLL Capital Markets arranged the loan on three 2023-vintage warehouses totaling 1.2 million square feet in the Southwest Dallas submarket.
Trepp flags $802M Chicago office CMBS lease rollover before maturity
Four properties account for $623 million, or 78%, of that debt, including one in foreclosure and one more than 90 days delinquent.
10 stories
Private-label CMBS holds half of delinquent multifamily debt, Trepp finds
Private-label deals hold 12% of the $635.82 billion tracked universe but 50.2% of the $11.6 billion delinquent debt, with a 7.69% delinquency rate.
Barings provides $138.6M first mortgage to Hillwood for Rancho Cucamonga industrial
The two-building Speedway Commerce Center phase is fully leased and totals about 656,000 square feet, per Connect CRE.
Genting Americas refinances Miami's Omni Center with $500M loan
Wells Fargo is administrative agent for a lender group on the 1970s mixed-use property, per public mortgage documents cited by Commercial Observer.
Griffin, Vornado and Rudin close $3.3B construction loan for 350 Park Avenue
Wells Fargo and J.P. Morgan Chase lead the lending syndicate on the 66-story tower; Citadel will lease 1.05 million square feet with completion set for 2032.
Trepp: 25.3% of performing Texas floating-rate Agency multifamily balance reports sub-1.0x DSCR
$3.04 billion across 130 performing loans reports net cash flow coverage under 1.0x, and 2021-22 vintages hold 87.5% of the delinquent floating-rate balance.
BridgeCity Capital lends $36.2M for Long Island City condos
Winspire Development's 41-unit building at 10-56 46th Road is slated for completion in spring 2028.
Anchor Loans provided $58.5M construction loan for two Deltona BTR projects
Agador Spartacus closed the financing for 153 homes at Magnolia Cottages and 126 at Magnolia Villas, Connect CRE reported.
Affinius provides $94M lease-up refinancing for Hillwood's DFW warehouses
The three buildings at Crossroads Logistics Park in Midlothian total 1.2 million square feet and were built in 2023.
Newmark arranges $369 million Fannie Mae facility for April Housing's Florida portfolio
The interest-only facility splits into a $221.4 million fixed-rate draw and a $147.6 million floating-rate draw across 11 properties.
Northwind Group closes $1 billion real estate credit fund, double its target
The lender set a $500 million goal in January 2025; the fund is nearly 60% deployed and typically writes $100 million to $200 million senior loans.
9 stories
JLL places $49.75M Forbright Bank bridge loan on Thousand Oaks campus
Alta West Partners bought Lakeview Innovation Center at 50% leased in September 2024 and has since filled the property, according to Connect CRE.
Kam Sang affiliate buys $290M Downtown Los Angeles office loan at undisclosed discount
Wells Fargo Center South, a 45-story Bunker Hill tower, was about 42% leased when Newmark closed the loan sale.
Alta West Partners closed $49.8M Forbright Bank bridge loan on Thousand Oaks R&D campus
Leasing and capital improvements at the fully leased campus lifted net operating income more than 170 percent, JLL said.
Blackstone's six Blackjack apartment properties enter special servicing after 15 communities sold
The 1,842 remaining units in the 6,671-unit Blackjack Portfolio transferred after 15 communities were sold, per Multifamily Dive.
Trepp: $3.83 billion of Denver multifamily debt sits on watchlists
The monitored balance equals 13.6% of the market's $28.24 billion, while the Denver-Aurora-Centennial MSA delinquency rate runs at 1.13%, according to Trepp.
ACORE Capital lends $45.5M to refinance 511 Fifth Avenue
Meridian Capital Group negotiated the nonrecourse loan for a Wharton, Aurora and ACHS venture whose recent signings include GE Aerospace, WeWork and Wavestone.
Nuveen Green Capital closes $68.6M C-PACE for Fredericksburg's The Meuse
Administered through the Texas PACE Authority, the financing splits $53.2 million for a Kimpton hotel and $15.4 million for retail.
Blackstone's $1.3 billion multifamily CMBS loan enters special servicing
The BX 2021-21M trust's collateral is down to six properties and 1,842 units, and Blackstone has three months to sell them.
SitusAMC's Umsted ties first-time CRE CLO issuance to a 70-75% multifamily share
The securitization head told Commercial Observer that lenders holding warehouse lines and originated multifamily pools are finding CLO execution attractive.
12 stories
CRED iQ estimates a $6.8 billion equity gap in maturing multifamily debt
Loans written in 2021 and 2022 at a median 3.35% coupon account for the largest share of the shortfalls.
S3 Capital lends $52.5M for 28-unit Upper East Side condo
Grand Cru Real Estate and Visabve Corp. closed the construction financing alongside their purchase of the 1527 York Ave. site this month.
SL Green and Mori Trust refinance 245 Park Ave. with $2B loan at 6.52%
The five-year single-asset CMBS loan replaces $1.768 billion of mortgage and mezzanine debt on the 1.8 million-square-foot tower.
Blackstone's $1.3 billion CMBS multifamily loan lands in special servicing
The loan matured earlier this month with $517.7 million outstanding on six remaining properties, according to Morningstar Credit.
Trepp: two borrowers account for 89% of delinquent SASB multifamily debt
Removing the two borrowers' $1.00 billion would leave a 0.45% delinquency rate on the $28.44 billion SASB multifamily balance, Trepp calculates.
S3 Capital lends $52.5M for 28-unit Upper East Side condo tower
Grand Cru Real Estate and Visabe plan a 20-story building at 1527 York Avenue, with construction slated to begin in early 2027.
ICBC's U.S. arm lends $24.4M to refinance NoMad office tower
The 16-story, 71,871-square-foot building was bought by LMR Assets for $31.3 million in June 2024.
September CMBS delinquency rises to 8.02%, led by office and hotel loans
In August, private-label multifamily securities had a 7.69% delinquency rate against Freddie Mac's 0.8%, Trepp data show.
STRE Management and Lloyd Jones refinance The Vibe with $50.8M CMBS loan
JLL's debt advisory team placed the five-year fixed-rate loan on the 194-unit Little Havana property, which was 96.4% leased.
CBRE arranged a $17.1 million City National refinancing for Crawford's Peachtree Corners HQ
The five-story building is fully leased to Crawford & Company, which has based its global headquarters there since 2017.
Akara and Deven Group close construction financing for 305-bed SDSU housing
The eight-story College Avenue project targets delivery for the 2028–29 academic year; the announcement gives no lender, loan amount or debt-equity split.
DayOne upsizes Malaysia term financing to $7.2 billion as billings pass 1 GW
A seven-lender consortium arranged the senior secured multicurrency facility, which DayOne says builds on the roughly $3.5 billion syndication secured in May 2025.
3 stories
Merchants Capital secures $30.7M Freddie Mac forward loan for Indianapolis LIHTC project
The 227-unit Central at Old Southside, developed by The Annex Group, is scheduled to start construction in 2026 and finish in 2028.
PCCP lends $41M to refinance Foulger-Pratt's San Diego apartments
The senior loan replaces construction debt on Tenney North Park, a 125-unit building completed in 2025.
Pearlmark lends Empira $81M for Coral Gables apartment tower
CBRE arranged the $81 million construction loan for the 160-unit Aurelian. Empira's earlier Miami apartment loan was $111.3 million in Brickell.