The RE Debt Desk 42 stories this week · 299 total

The Chicopee deal renews expiring affordability protections and prices the construction risk at roughly $143,000 a door.

The $118.6 million construction loan leaves Gatsby Florida a year or less between completion and maturity on an unleased 200,000-square-foot office.

A three-year loan with two one-year options gives AJ Capital runway and lets Peachtree reprice a recovering asset.

A hard-maturity cohort twice July's size, with more than half its balance below an 8% debt yield, will test whether tight spreads and $76.2 billion in issuance survive the Fed's silence.

The interest-only loan on a gut-renovated 1969 tower shows private lenders pricing stabilized cash flow as the refinancing wall gets financed rather than foreclosed.

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.

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.

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.

A five-year, interest-only loan on a fully leased, renovated property shows where suburban office debt is still being written.

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.

Trepp finds 88% of sub-breakeven performing office debt is contractually due by 2029, with 2028 the peak year.

The debt pays off preferred equity and rolls up a construction facility, a clean sign the refinancing wall is clearing.

The senior construction loan prices 180 build-to-rent townhomes at about $415,000 a key.

A single-asset hotel financing on the Savannah River prices the short end, with the basis as the real underwrite.

Modifications keep CLO delinquencies below 1%; the missing exits are building the next maturity test.

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.

An unnamed buyer takes the loans and the credit risk; Velocity gets the platform, the management contract, and future production.

Five loans in two years have made Bedrock Communities the collateral PGIM is really underwriting.

The 2025-2026 renewal wave hands private lenders a visible repricing window in a market most allocators skip.

An $8.018 million unfunded forward locks in the takeout before construction begins at a former Kmart site.

A small-balance refinancing of the Charleston Apartments shows local banks still write patient checks on vintage multifamily.

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.

Boston tower's twin financings put $281 million in C-PACE on the condos and $575 million in securitized debt on the offices.

The 0.98% Q2 total return came entirely from income as appreciation lagged, and five-year originations pulled duration to 3.64 years.

The construction loan rides a 4% senior-population growth forecast and 90%-plus occupancy while the fate of half the block stays unresolved.

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.

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.

The $74.5 million loan for The Caspian prices an obsolete office tower at a residential-completion value, a clearing trade for office.

JLL's dual-track financing prices the condos as a 20-year assessment and the offices as a five-year securitized bet.

A $9 million Ohio retail construction loan gets its meaning from the 18th-loan relationship behind it.

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.

The fund’s fourth round pushes cumulative commitments past $3 billion and gives construction borrowers a new permanent layer of assessment-backed financing.

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.

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.

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.

The closed credit for Empyrion Digital's TW1 suggests regional lenders are underwriting the building itself as well as hyperscale corporate credits.