REC USA staff
Federal Reserve rate outlook offers hope for future lending stability; Cain captures more US market share with PacWest loan portfolio buy; Senior real estate executives flag concerns on debt origination holding pattern at CREFC; Tishman Speyer gets a critical extension on $485 million New York office loan; and more in today’s Term Sheet, exclusively for our valued subscribers.
Kennedy-Wilson offloads majority stake in PacWest construction loans to Fairfax Financial in a notably quick flip; Real Estate Capital USA publishes its second annual Debt Fund 40 ranking; Park Hotel & Resorts REIT halts payments on $725 million CMBS loan tied to San Francisco hotels; and more in today’s Term Sheet, exclusively for our valued subscribers.
At the PERE Europe Forum in May, LaSalle’s Michael Zerda spoke to Real Estate Capital Europe’s Lucy Scott in a special podcast episode about the alternative lending landscape.
Difficult market conditions are causing challenges for US real estate, but Schroders Capital’s Michelle Russell-Dowe and Jeffrey Williams argue alternative lenders are set to benefit as embattled US banks withdraw from lending.
Inside: The Debt Fund 40 – meet the biggest fundraisers in US commercial real estate debt; How to capitalize on a transatlantic strategy; Expert comment and analysis from Kayne Anderson Real Estate, ArrowMark Partners and Schroders Capital; Plus much more…
Private real estate lenders need to focus on underwriting in today’s uncertain market, but there are opportunities for well-funded players offering flexibility, says Kayne Anderson Real Estate’s Andrew Smith
As the US commercial real estate market faces a wall of loan maturities – over $1.5trn over the next three years – taking a creative approach is highly important, says ArrowMark Partners’ Rob Brown.
Real Estate Capital USA presents the 2023 edition of its Debt Fund 40 ranking.
Methodology for our ranking of the top capital raisers in US commercial real estate debt.
The ranking’s biggest lenders were PGIM and KKR, lending a combined total of $74.2bn between 2018 and 2022.