Real estate debt: archive
Every Real estate debt story in Real Estate, newest first. 450 stories
9 stories
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.
FHA opens insured financing to build-to-rent projects
BTR projects must sit on a single uninterrupted site and run as one property to qualify for new construction and acquisition or refinancing programs.
Citi provides $210 million floating-rate CMBS refinancing for Trinity's Grand Hyatt Indian Wells
JLL arranged the five-year, single-asset, single-borrower loan after a $62 million renovation and brand conversion at the 531-key Coachella Valley resort.
Trepp: 2021-22 multifamily CRE CLO loans hold 12% of top-state balance, 80% of delinquent balance
The cohort's median net cash flow DSCR fell to 0.64x in the most recent reporting period from 1.60x at securitization, Trepp reports.
Ares Real Estate refinances 599-unit apartment pair with $107.5M SMBC loan
CBRE arranged the debt across Axis 110 in Richardson, Texas and Skye 750 in King of Prussia, Pennsylvania; terms were not disclosed.
Noah Properties gets $62.5 million Walker & Dunlop pre-TCO loan in Buffalo Grove
The loan retires construction debt before the 223-unit building receives its temporary certificate of occupancy, with an interest reserve carrying it through lease-up.
908 Group breaks ground on UF student housing with Pacific Life loan
The 219-unit Chapter House UF is 908 Group's fifth joint venture with Batson-Cook Development and its fourth construction loan from Pacific Life.
Hyatt Regency Waikiki's $302M CMBS loan goes to special servicing
Mirae Asset missed the final maturity payment on the 2021 single-borrower loan while negotiating a sale of the 1,230-key Honolulu resort.
Trinity Investments secures $210 million refinancing for Grand Hyatt Indian Wells
The 531-key Coachella Valley resort recently completed a $62 million renovation and conversion to the Grand Hyatt flag.
13 stories
Related Urban arranges $129M for Gallery Lummus Parc in Miami
Greystone says it is providing $80 million in construction financing and identified a $60 million tax-exempt Freddie Mac permanent loan.
Walker & Dunlop arranges $216M bridge refinancing for 568 Broadway with ACORE Capital
The 390,745-square-foot SoHo building has 70,870 square feet of fully leased retail space, including Hugo Boss and Equinox.
BridgeCity provides $83.5M for Midtown East office-to-resi conversion
The loan closed Oct. 13 for CSC Real Estate's 136-unit project at 136 East 57th Street, across from a TF Cornerstone conversion.
Flatiron Energy closes $850M in financing commitments for Chelsea battery storage project
The package combines construction, bridge, term and letter of credit facilities with preferred equity and a tax credit transfer commitment from two Fortune 500 corporations.
Double U Development secures $23M Colorado Federal Bank loan for Greenpoint apartments
The 60-unit project at 144 Greenpoint Avenue carries an estimated $30 million total cost and is slated for 2028 completion.
Sunrise and Southern Realty sell Thompson San Antonio hotel to Loren Group for $41M
The sale includes $9 million in cash and $32 million in seller debt after the sellers took the hotel at a March auction.
Pearlmark closes $19.9M debt investment for 144-unit Kannapolis property
The investment was originated for Pearlmark Realty Senior Mortgage Partners I, L.P. and financed ESJ Capital Partners' acquisition of the 2021-vintage Bridges of Cabarrus.
Private-label CMBS holds half of delinquent multifamily debt, Trepp finds
Private-label deals are 12% of the tracked universe but 50.2% of August's delinquent multifamily debt.
JLL arranges $718.2M floating-rate financing for Equus Capital Partners Phoenix portfolio
The five-year package includes a $527.1 million single-asset, single-borrower loan led by Morgan Stanley and Bank of America and a separate $191.1 million balance-sheet loan from Bank of America.
Canyon Partners provides $48 million senior loan for Greenville apartment refinancing
Walker & Dunlop arranged the cash-neutral refinancing of the 286-unit NorthPointe Apartments, per IREI.
X Denver co-living complex is in receivership after $170M loan default
Judge Heidi Kutcher appointed Dallas-based Trigild IVL as receiver at lender CMTG JP Finance's request.
Newmark secures $76.2M take-out for Embrey's 354-unit Orlando apartments
The report lists bridge lenders, debt funds, balance-sheet lenders and CLO-driven capital sources but does not name the lender that funded the loan or the terms.
Trepp CMBS special servicing rate hits 11.49%, highest since February 2013
Office made up 57% of the $2.65 billion in new transfers to special servicing.
15 stories
PACE Loan Group and Nuveen Green Capital finance $140 million in data-center C-PACE loans
A $100 million Missouri loan was the largest C-PACE deal in state history; a $40 million Houston deal is 24% loan-to-value at ViVa Center.
Trepp pegs Florida securitized CRE exposure to Hurricane Isaias at $3.27B
Multifamily is 68.8% of gross balances and five Panhandle counties hold more than half, though Trepp says the extent of damage is unknown.
Terra refinances Well office in Bay Harbor Islands with $183.8M Monroe loan
The four-story building is 90 percent leased; the new debt retires a $238 million loan from Eldridge Capital Management and Hudson Bay.
Bank OZK funds $132.7M construction loan for Culver City mixed-use
Lincoln Property and McCourt Partners will build a 344-unit building with 52 affordable units at 11111 Jefferson Boulevard; construction is expected to start before year-end.
Lake Forest Bank lends Sitex $39.4M to refinance Queens industrial outdoor storage site
The loan is backed by a 20-year New York City Fire Department lease signed in 2023 for a Maspeth garage and repair facility.
Rithm closes $375M multifamily-only RTL securitization via Genesis
The initial pool holds 55 investor loans, caps individual loans at $35 million and carries a two-year reinvestment window.
AXA Equitable provides $103M to recapitalize Rose Associates and MSREI's Ellington
Rose Associates president Marc Ehrlich says the Midtown recapitalization is the first of several expected acquisition deals with Morgan Stanley Real Estate Investing.
Equus finances 52-property Phoenix industrial portfolio with $718.2M floating-rate package
The five-year floating-rate package includes a $527.1 million SASB led left by Morgan Stanley and right by Bank of America, plus a $191.1 million balance-sheet loan from Bank of America.
Lone Star Funds closes $110M floating-rate refi on Stafford rentals
The floating-rate, interest-only loan from TPG Real Estate Credit covers 731 Class A units built in 2019 and 2020; Walker & Dunlop arranged the financing.
King Street Properties takes $237.7M Starwood loan for Morrisville life science campus
Connect CRE reports Novartis and Liquid Pharmaceuticals have signed leases at Pathway Triangle's 581,000-square-foot opening phase in Morrisville.
JLL arranges $463m Barings takeout for eight Thompson Thrift rentals
The floating-rate loan retires construction debt on 2,412 class A units, with six of the eight properties in Florida.
Commercial Observer: CRE refinancing pressure is an equity problem, not a debt crisis
The column says many occupied, revenue-generating assets are failing refinance tests because income has not kept pace with a higher cost of capital.
JLL arranges $463M Barings bridge for Thompson Thrift rentals
Six of the eight properties are in Florida, and the proceeds retired construction loans on all eight, Connect CRE reported.
Terra refinances Bay Harbor Islands offices with $183.75 million Monroe Capital loan
The 96,000-square-foot Class A office building is more than 90% leased and was delivered over the summer, according to Connect CRE.
Northmarq arranges $50M refinancing for 235-unit Bloomington, Minnesota apartments
The Minneapolis debt team placed the loan with a life insurance company while the building, completed in 2024, finishes lease-up.
3 stories
RMR arranges $272.1 million loan from Morgan Stanley, BNP for Cedars-Sinai medical office buildings
The interest-only financing carries a two-year initial term with three one-year extension options and is secured by two buildings on W. Third St.
PNC Bank provides $96M fixed-rate loan for 11North Partners' $155M Lahaina retail purchase
The loan covers about 62% of the purchase price, leaving roughly $59 million in equity before closing costs.
One Street Commercial Properties lands $37.8M loan for D.C. office-to-condo conversion
OakNorth and Hickory CRE Lending provided the financing for a 70,000-square-foot Georgetown building One Street bought for $19 million in May 2025.