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    Deal of the Week: Ground-up condo construction in Miami

    Domus Brickell is a 35-story residential high-rise project of Miami-based North Development. The residences will come fully finished and furnished, featuring hard flooring throughout, private balconies, kitchens with premium appliances and modern fixtures. Bayview PACE funded approximately 50% of development costs, which is an advantage for C-PACE in states such as Florida that include a broad range of eligible building improvements and measures. More

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    Hotel bridge lending will become more competitive

    Hoteliers will see more available bridge capital in the new year. Bridge lending will be highly competitive next year because of new entrants looking to put out capital and the lack of acquisition activity. With more lenders actively competing, spreads have compressed by roughly 75 to 100 basis points compared with 18 months ago, in addition to the recent declines in SOFR. More

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    Northmarq, Black Bear Capital Partners and more in part 2 of the November dealmaker databank

    Black Bear Capital Partners 20 N. Wacker Drive, Suite 3450 Chicago, IL 60606 Matthew Stearns, Senior Managing Director (312) 545-8005 mstearns@bbcp-llc.com Black Bear Capital arranged $41.M in financing for the redevelopment of two warehouse buildings in Peoria, Ill. The project will feature 170 apartment units and 2,500 s.f. of commercial space. The financing was structured More

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    Life companies are expanding their horizons

    Watch for life companies to increase allocations in 2026 and become more aggressive on proceeds and spreads. There are a number of life companies that were under-allocated going into Q4 so there will be a lot of capital that will need to be placed. Originations will increase next year since there will be more opportunities for LCs to lend. When rates are below 6%, borrowers are more willing to transact. More

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    Retailers are heading out West

    Many retail tenants, including clothing brands, wellness centers, furniture stores, grocers and restaurants of all service levels, look toward the western states for new sites. Whether part of a larger mixed-use development, mall, open-air shopping center or entertainment center, these retailers bet on California, Washington and Arizona for new locations.  More

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    CMBS lending will be full steam ahead in 2026

    Count on CMBS originations to increase at least 10% to 20% in 2026. More competition from new and old players re-entering the market will force CMBS lenders to push leverage to be able to compete. Rates should trend lower as the Fed continues rate cuts. Borrowers have been focused on five-year deals but count on a push toward more 10-year terms going forward. More

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    Marcus & Millichap, Ariel Property Advisors and more in the November dealmaker databank

    Marcus & Millichap secured a permanent 10-year CMBS loan on two self-storage assets in Ohio. The transaction was a full-term interest-only deal that had an attractive fixed rate in the mid-6% range. The assets were a combination of both climate-controlled and non-climate-controlled space. The deal was securitized quickly post-closing, and Brooks has been actively working on similar deals this fall and expects to continue heading into 2026. More

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