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The financing replaces construction debt put into place in 2019.
The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.
There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans
The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.
The manager says the additional capital provides it with £1.3bn in available capital.
The vice-president of the European Central Bank said alternative debt providers are of greater concern than traditional lenders.
The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.
The bank’s chief executive says he is confident it will 'get through' the challenging market conditions.
The German bank has provided a €130m facility to Schroders for an office portfolio.
The three-year facility to developer Princeton Investments has been originated at 60% LTV.