Real estate debt: archive
Every Real estate debt story in Real Estate, newest first. 450 stories
2 stories
Tyko’s $322M marina loan backs Integra’s repeat bet
A second nine-figure loan between the same lender and sponsor in two years points to where private debt sees the cleanest risk in South Florida waterfront development.
Office CMBS distress hits record 8.89% as hard-maturity wall looms
Trepp's $65 billion maturity count includes $37 billion in hard maturities, and 39 percent of this year's hard maturities land in the fourth quarter.
6 stories
Fannie's North Park refi keeps agencies in the take-out lane
Greystone places $46.79 million on a 190-unit mixed-income asset two years after delivery; ten affordable units were enough to bring Fannie Mae to the table.
Edina office refi prices certainty at 5.89% IO
A five-year, interest-only loan on a fully leased, renovated property shows where suburban office debt is still being written.
Dwight refis a stabilized Newark tower with $70M nonrecourse loan
The interest-only refi on a once-vacant 1969 tower shows private debt pricing stabilized multifamily on current cash flow, the patient-capital approach the refinancing wall demands.
Sub-1.0 DSCR office loans face a $10.7B hard-maturity wall
Trepp finds 88% of sub-breakeven performing office debt is contractually due by 2029, with 2028 the peak year.
Knighthead refis Glenview apartments with $32M loan
The debt pays off preferred equity and rolls up a construction facility, a clean sign the refinancing wall is clearing.
Canyon and J.P. Morgan lend $74.7M on Riverside BTR
The senior construction loan prices 180 build-to-rent townhomes at about $415,000 a key.
6 stories
JLL places floating-rate loan on Savannah Hyatt
A single-asset hotel financing on the Savannah River prices the short end, with the basis as the real underwrite.
CRE CLOs beat CMBS by extending their maturities
Modifications keep CLO delinquencies below 1%; the missing exits are building the next maturity test.
Sherman's $136.5M Rochester loan bets on Mayo Clinic's payroll
The 52 short-stay units in the 349-unit project shift the construction debt from a standard rent roll to a hospitality credit tied to the hospital's hiring curve.
Velocity buys Toorak's platform; unnamed buyer takes the loans
An unnamed buyer takes the loans and the credit risk; Velocity gets the platform, the management contract, and future production.
PGIM pushes Bedrock manufactured-housing book past $430 million
Five loans in two years have made Bedrock Communities the collateral PGIM is really underwriting.
Canada's five-year mortgage design is a rolling credit event
The 2025-2026 renewal wave hands private lenders a visible repricing window in a market most allocators skip.
10 stories
Freddie Mac forward loan anchors Battle Creek workforce housing
An $8.018 million unfunded forward locks in the takeout before construction begins at a former Kmart site.
Bascom refis 133-unit Charleston Apartments with $8.5M bank loan
A small-balance refinancing of the Charleston Apartments shows local banks still write patient checks on vintage multifamily.
Apollo writes $277 million against JIOS's infill land
The portfolio loan on 37 industrial outdoor storage sites pushes JIOS's 2026 debt past $800 million and gives lenders a benchmark for the dirt beneath the sheds.
Winthrop Center splits $856M across a 20-year and five-year stack
Boston tower's twin financings put $281 million in C-PACE on the condos and $575 million in securitized debt on the offices.
LifeComps leans on income as duration shortens
The 0.98% Q2 total return came entirely from income as appreciation lagged, and five-year originations pulled duration to 3.64 years.
PNC lends $50.9M for Citadel's North Miami nursing facility
The construction loan rides a 4% senior-population growth forecast and 90%-plus occupancy while the fate of half the block stays unresolved.
OZK's $165.9M Houston loan splits apartments and office
Bank OZK backs Southern Land's 2811 Kirby with a construction mortgage that pairs a 38-story apartment tower with a 10-story office block.
BHI's $50M loan bets on Inland Empire master plan
A 68-acre industrial carve-out to Bridge Logistics Properties gives BHI collateral with a buyer attached, but the rest of the loan is a longer wager on the warehouse economy filling 1,200 homes and a 122-room hotel.
Apollo affiliate backs $74.5M Stamford office-to-condo conversion
The $74.5 million loan for The Caspian prices an obsolete office tower at a residential-completion value, a clearing trade for office.
Winthrop's $856M refinancing: two loans, two tenors
JLL's dual-track financing prices the condos as a 20-year assessment and the offices as a five-year securitized bet.
10 stories
Retail ground-up still banks when the lender knows the sponsor
A $9 million Ohio retail construction loan gets its meaning from the 18th-loan relationship behind it.
Office debt returns to Silicon Valley, C-PACE in tow
A fully leased, newly built Mountain View office refinances ahead of maturity with a $147.5 million package pairing C-PACE with senior debt. Trophy-office capital is back, and it arrives in layers.
Nuveen’s $1B C-PACE close is the bank retreat’s replacement capital
The fund’s fourth round pushes cumulative commitments past $3 billion and gives construction borrowers a new permanent layer of assessment-backed financing.
Nebius's $5.75B convertible puts construction risk on bondholders
The Nvidia-backed neocloud's $5.75 billion offering funds construction and GPUs, lifts total convertible debt to $12 billion against $529.8 million of revenue, and asks bondholders to take construction risk.
Bay Area construction loan carries a bank-and-preferred stack
SummerHill's $123.5 million San Carlos project pairs senior banks with TruAmerica's first preferred equity deal, a structure that may define coastal apartment construction lending.
Workspace foreclosure sets the clearing price for suburban office
The receiver-run sale of Workspace's $1.23 billion CMBS portfolio will give lenders the comp that three years of appraisals have not produced.
E.Sun Bank closes a 7MW data center credit in Taipei
The closed credit for Empyrion Digital's TW1 suggests regional lenders are underwriting the building itself as well as hyperscale corporate credits.
Noble's Noland hire is a bet on the refi wall
The capital markets appointment suggests hospitality owners are preparing for a wave of maturities by staffing up on the debt side, not the deal side.
Newmark prices Jersey City construction risk at $370,000 a key
Truist's $277 million construction loan for Urby and Rockpoint's 748-unit waterfront tower returns construction debt to Jersey City at a price that assumes the recovery is already here.
SJCERA puts $75M into high-quality office debt
The pension's check is a measured bet that office credit clears first at the trophy end of the market.
6 stories
Newmark places $277M construction loan on Urby's 748-unit Jersey City tower
The Truist-backed financing prices waterfront multifamily at $370,000 a unit, a comp that will shape the next Jersey City underwriting.
Office debt returns only after the trade prices
A $72.6 million Barings loan on a Needham office campus shows how lenders are re-entering office behind equity, after the trade has priced.
Wells Fargo moves to foreclose on $1.3B Workspace portfolio
The two-year extension bought time, not oxygen; a receiver-run sale will now set the clearing price for suburban office.
Wells Fargo refinances repositioned Doral office campus
The $53.5 million loan works out to roughly $184 a foot and nearly returns the sponsors' $52.5 million net investment.
Truist's $277M Jersey City loan prices waterfront multifamily
The 748-unit 201 Hudson – by Urby financing works out to $370,000 per apartment, a selective construction-lending comp for the waterfront.
For office debt, the lease is now the collateral
PRP Real Assets and Riyad Capital refinance 777 Hidden Ridge with a $250M CMBS loan that prices a lease whose tenant has already left.