Real estate debt: archive
Every Real estate debt story in Real Estate, newest first. 450 stories
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CRE Finance Council's sentiment index falls to lowest since 2023
The board of governors' 83.3 reading is 34% below its late-2024 record, with borrower demand net negative for the first time since 2022.
Trepp: October CMBS hard maturities rise to $4.70 billion, multifamily leads impaired balance
The cohort carries $1.30 billion maturing below a 6.0% debt yield, and 97% of that balance is still current.
ACORE lends $71.25M for North Palisade's Santee industrial build
The loan funds a 13.4-acre infill land purchase and two buildings totaling 290,618 square feet, with completion set for late 2027.
CREFC sentiment index falls to 83.3, its lowest in three years
All nine core questions weakened from the second quarter; 92% of respondents now expect mortgage and cap rates to weigh negatively on CRE finance businesses.
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Byline Bank closes $20.25M term loan on Stockbridge's South Bay IOS portfolio
The two Wilmington properties are fully leased and sit less than six miles from the Ports of Los Angeles and Long Beach; the rate and term are not disclosed.
CBRE originates $15M credit union refi on Midwood rent-stabilized building
The five-year loan for ARM Management runs through Four Leaf Credit Union at a 6% fixed rate, with two years of interest-only payments and no prepayment penalty.
Avison Young arranges $22.5 million BMO loan on Stamford office campus
The permanent mortgage covers Harbor Square, a 165,114-square-foot multi-building campus at 700 and 850 Canal St.
Davis affiliate provides $44M senior construction loan for Boston office-to-apartment conversion
The three-year loan for 31 Milk St. is the first deal in Davis's integrated credit platform and is layered with federal and state historic tax credits and MassHousing sub debt.
Northmarq places $25.5M Freddie Mac loan on Lacey rental townhomes
The seven-year permanent loan against the 125-unit Chambers Reserve works out to roughly $204,000 per unit.
Dwight Capital closes $47 million HUD loan for Hunington Properties' Katy apartments
The 221(d)(4) carries 24 months of interest-only payments before a 40-year amortization, roughly $168,000 of debt per unit.
Affinius provides $94.8 million construction loan for Oregon State student housing
Fields Holdings is the borrower on the 13-story, 667-bed Zev Corvallis project, scheduled for completion in fall 2028 with no broker listed.
Dwight Capital closes $32 million HUD loan on Scannapieco's Philadelphia apartments
The 223(f) refinancing funds a replacement reserve and, according to Dwight, gives Scannapieco access to equity built since the 110-unit building opened in 2024.
Signature Property Group refinances Monroe, NC apartments with $64M Freddie Mac loan
Regions Bank arranged the loan, which replaces construction debt on the 360-unit Elevate Rocky River at 70% leverage and 1.20x coverage.
Walker & Dunlop closes $630.6M Fannie Mae refinancing for IMT's nine properties
The loans cover 3,528 units in six states and carry five-year fixed rates with interest-only payments for the full term.
Madison Realty Capital funds $127 million take-out on Fort Lauderdale's Arcadian
Berkadia arranged the loan for The Fuse Group and KREA Developments, whose 502-unit project reserves 151 of those units for households earning 100 to 120 percent of area median income.
RXR and North Carolina Investment Authority lend $45 million for Hekemian's District Montvale
The loan comes from RXR Cardinal Venture, a $500 million partnership, and lands on the 308-unit building that opened in 2022 and is 95 percent leased.
Canyon Partners Real Estate hires Related's Chad Goodman to lead eastern, central credit origination
Goodman is the second regional origination head added this year, after Scott Swisher's June move from Acore Capital to run western credit.
Gaw Capital files to list a real estate debt fund in Hong Kong
The vehicle would hold at least 90% of assets in property debt and lend across Asia Pacific and the Middle East, with plans to be fully invested within nine months.
Walker & Dunlop arranges $630.6M Fannie Mae refinance for IMT Capital
IMT Capital's nine properties with 3,528 units across six states take five-year fixed-rate Fannie Mae loans with full-term interest-only payments and a 35-year amortization schedule.
Silver Heights and Nuveen Green Capital lend $35.8M on Riverwards' Philadelphia apartments
A $19.9 million senior construction loan sits above $15.9 million of C-PACE for the 170-unit second phase, with Riverwards adding $10 million of sponsor equity.
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Insurance lenders' CRE loan-to-value rises fastest as data-center exposure deepens
MSCI puts carriers at 62.7% loan-to-value in the first half of 2026, below the 65.9% market average but up 2.5 points, the largest increase of any lender group.
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Stockdale launches debt platform targeting $15M to $75M distressed loans
The Los Angeles owner-operator plans senior bridge and mezzanine loans, note purchases and special situations, and expects to deploy $300 million in its first year.
JLL arranges $276M in two uncrossed loans for Newport Beach seniors portfolio
A national bank took the $140 million piece on the 99-unit Vivante Newport Center, while agency financing covered the 296-unit Newport Mesa.
Walker & Dunlop arranges $170.5M Chase balance-sheet refinancing of Lenox Terrace
The cash-neutral loan retires the existing mortgage on 1,696 primarily rent-regulated units across six buildings developed in 1958.
Gantry places $12.3M floating-rate bridge on Portland's Workshop St. Johns campus
A regional bank funded the floating-rate loan, which retires existing debt and pays for the next phase of redevelopment across the 10-building campus.
Bank of America and JLL fund a $276 million Newport Beach senior housing refinancing
JLL says the $140 million loan on the 99-unit Vivante Newport Center works out to roughly $1.4 million a unit.
Madison Realty writes $127M Arcadian takeout as Centennial exits
The Fort Lauderdale loan is half again the size of the 2024 construction debt it retires, on a 502-unit project still leasing up.
JPI closes land and construction financing for 248-home Dallas income-restricted project
The Torrington Forest development will use 4 percent Low-Income Housing Tax Credits and a ground lease from a City of Dallas housing affiliate; the lender is not named.
Trepp CMBS delinquency rate rises 17 basis points to 8.02% in September
Five large single-asset loans, four of them office or studio-and-office, drove much of the increase, pushing the rate to its highest since November 2020.
Front Range Partners closes $75M Freddie Mac refi on St. Pete high-rise
Walker & Dunlop arranged the fixed-rate loan on the 220-unit EVO St. Petersburg, refinancing the 2023 delivery.
Goldman Sachs provides up to £500 million facility to Quantum Development Finance
The long-term facility lifts the London-based SME housebuilder lender's total funding to £700 million ($925 million) from £200 million ($264 million).
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The 10-year hits 5.3%, highest since 2002, and CRE lenders expect values to fall
At Bisnow's National Commercial Real Estate Finance Event, investors and lenders said deals that penciled a month ago may no longer work at today's yields.
KeyBank provides $92.9M for SoLa Impact's 166-unit South LA project
A $43.8 million construction loan, $18.1 million of LIHTC equity and a $31 million Fannie Mae permanent loan account for the total; a matching $31 million bond sale appears to fund the take-out.
Apollo lends Brookfield $130.5M for a Rialto logistics build
Commercial Observer first reported the five-year construction loan for a 664,859-square-foot Class A project on land that was part of the shuttered Rialto Airport.
Mortgage Bankers Association: CMBS delinquency falls 42 basis points to 6.53%
Bank book improves to 1.20% while life company, Fannie and Freddie rates edge up but stay under 1%.
Dwight Capital closes $47 million HUD construction loan for Hunington's Katy apartments
The nonrecourse 221(d)(4) loan for Hunington's 279-unit The Vic at Sunterra carries 24 months interest-only before a 40-year amortization.
Logistics Property Co. obtains $68.3M refinancing for Mesa industrial park
Pacific Coast Capital Partners provided the debt on the 614,544-square-foot Palm Gateway Logistics Center, which was 52.4 percent leased as of March.
SCALE Lending provides $67.5 million construction loan for Capodagli's second Rahway phase
The 30-month loan retires an existing senior loan and funds completion of the 200-unit Meridia Rahway Brownstones, with two six-month extensions available.
Trepp data show conduit CMBS cash-in pressure easing while leverage lags
Cash-in pressure has eased from its 2024 peak, but borrowers still supply nearly double the debt-stack share they did in 2021.
Brennan and Barings secure $150M industrial outdoor storage financing
JLL Capital Markets arranged the facility, seeded by five properties in Denver, Houston and Austin.