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Ruchira Roy Chowdhury

Pearlmark Real Estate Partners has raised $50m for the first close of Pearlmark Mezzanine Realty Partners IV, the latest fund in the firm’s high yield debt series. The fund will originate mezzanine loans for acquisitions, refinancings, recapitalizations and development projects, also targeting subordinate interests of structured loans, preferred equity and bridge loans. The fund is targeting returns between 10 and 12 percent. […]
Mesa West Capital is looking to raise $750m for the Mesa West Real Estate Income Fund IV, its fourth debt fund, Real Estate Capital has learned.
Natixis Real Estate Capital has provided $66m to Manhattan-based Bauhouse group for the purchase of three NYLO full service boutique hotel properties in Irving, Plano,(both in Texas) and Warwick, Rhode Island.
Rising leverage on an increasing number of student housing CMBS is raising red flags about a potential spike in troubled loans. There are currently about 806 CMBS loans for 963 student housing properties with a balance of $12.5bn, which has risen from around $927m in 2011, according to estimates from research firm Trepp.
Varde Partners has closed a $500 million fund that will invest in commercial real estate loans, the firm’s first real estate focused fund in the US.
Pacific Life Insurance Company has provided a $41.5m construction-to-permanent loan to Billingsley Company to build 7-eleven’s corporate headquarters within the Texas-based developer’s Cypress Waters community in Irving, Texas.

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