Finance & Lending

Hybrid debt from property developers is getting hit especially hard because it’s the first category to take losses.

The lenders, led by Fidelity, hold a majority of Bally’s $1.9 billion senior secured term loan due in 2028, which puts them in a position to block the company from a needed credit amendment.

The total affected will be more than 1,000 US workers, with about half moved to different divisions within the bank.

The experiential component is starting to pay off for the American Dream megamall. But will it be enough to pay the mortgage?

The firms plan to grow their loan pipeline to $2.5 billion over the next five years, by providing $5-50 million senior bridge and construction loans.

CRE CLO issuance almost doubled from last year’s levels, according to recent CBRE data, driven by debt fund activity.

For as long as the market allows, brokers, lenders, and investors are cashing in on the real estate boom in America’s prime vacation spots.

There are green mortgage-backed securities and ESG labels on asset-backed commercial paper, synthetic CDOs, credit default swaps, and money market funds.

Cannabis real estate can generate great returns, but financing for these types of properties is also priced at a premium.