debt

The $103 million financing will spur about $40 million of cashflow savings over the next 10 years.

Charles Foschini, who arranged the loan via Berkadia, said rising rental rates at Enclave at Lake Ellenor meant the borrower was able to secure better terms.

The multifamily specialist sees more differentiation from lenders.

Yields hit their highest level in two years this week.

The real estate investment arm of Prudential attracted first-time limited partners to the fund partly on strong past performance.

The firm anticipates 90 percent of its activity will be in the Sunbelt, where it will allocate debt and equity.

The firm seeks opportunities that are not treated efficiently in the capital markets.

The company signed up its first clients in December.

The platform initially enjoyed a boost from being active at a time when overall lending was down.