Federal Government Invests Over $81.5 Million in Toronto Rental Project
News Summary The federal government has announced a major investment of more than $81.5 million towards the construction of a new rental housing project in Toronto. Named Vivant at Bedford Park, this initiative will create 159 new rental homes designed to alleviate the city’s housing affordability crisis. The development, backed by the Canada Mortgage and […]
Surge in Interest for ESOPs in the Construction Industry
News Summary The construction industry is seeing a significant rise in interest for Employee Stock Ownership Plans (ESOPs) as business owners seek effective liquidity solutions. Traditionally viewed as niche, ESOPs are now an attractive option for many owners planning to transition out of their businesses. Offering tax advantages and benefits for employees, ESOPs provide a […]
INVL Renewable Energy Fund Secures Loan for Solar Development in Romania
News Summary The INVL Renewable Energy Fund I has secured a EUR 29.3 million loan from Kommunalkredit Austria AG to develop solar power plants in Romania. This funding will support the construction of solar facilities with a total capacity of 71 MW, marking the fund’s continued efforts to expand renewable energy in Eastern Europe. The […]
Nakilat Secures $5 Billion Financing Package for LNG Carriers
News Summary Nakilat has entered into a significant $5 billion financing agreement with the Export-Import Bank of Korea (KEXIM) to acquire 25 new Korean-built LNG carriers. This partnership not only strengthens Nakilat’s fleet but also supports QatarEnergy’s expansion plans. The deal highlights the robust economic ties between Qatar and South Korea and positions Nakilat as […]
Douglas Elliman Real Estate Unveils New Mortgage Platform
News Summary Douglas Elliman Real Estate has launched Elliman Capital, an innovative in-house mortgage platform aimed at enhancing home financing for various borrowers. Initially available in Florida, the platform will expand to other states. Developed with Associated Mortgage Bankers, it offers a wide range of loan products including conventional, jumbo, and FHA loans. The platform […]
Kasada Capital Management Expands in Sub-Saharan Africa’s Hospitality Sector
News Summary Kasada Capital Management has made a significant acquisition by purchasing eight hotels in Sub-Saharan Africa, adding over 1,600 keys. This landmark deal underscores the region’s growing appeal among investors, driven by the rising demand for lifestyle hotels, property upgrades, and effective local partnerships. The hospitality landscape is evolving with increased competition and investor […]
New Industrial Complex to be Built in Greenville
News Summary Appian Investments and Harbert Management Corp. are joining forces to develop the Magnolia Grove Industrial Complex in Greenville, South Carolina. This new facility aims to enhance the local economy by providing 182,000 square feet of industrial space located near vital transportation routes. With modern construction techniques and a focus on adaptability, this project […]
Joint Venture Secures $56 Million Loan for Wynwood Haus
News Summary A joint venture between LD&D, IGEQ, Black Salmon, and Bridge Investment Group has secured a $56 million loan for the recapitalization of Wynwood Haus in Miami. The loan, structured as a seven-year, fixed-rate financing, will enhance the residential community, which features 224 units designed to offer quality living. Notably, the property includes workforce […]
Pallas Capital Reports Surge in New Loans
News Summary Pallas Capital has announced a remarkable increase in its lending activities, reporting $2.9 billion in new loans for the financial year. This signifies a 54% growth from the prior fiscal year. The surge includes 316 transactions, with significant contributions from New Zealand’s construction lending market. Despite a slowdown in some areas, Pallas Capital’s […]
Bipartisan SUPPLY Act Aims to Boost Accessory Dwelling Units
News Summary The SUPPLY Act, a bipartisan initiative in the U.S. House of Representatives, seeks to assist homeowners in building Accessory Dwelling Units (ADUs). This act aims to provide financial support through government-backed second mortgages, facilitating affordable housing options for lower and middle-income families. As cities grapple with housing shortages, the SUPPLY Act aims to […]