Drew Capital Secures $70 Million In Financing For Cosmo 440, A 216-Unit Residential Tower In Newark, NJ
Why this matters
Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.
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On the RET wire
- Disclosed capital deal value tracked in August 2026: $33.8B across 46 reported transactions.
Computed from Real Estate Trail’s own tracked coverage
JACKSON, N.J., Aug. 31, 2026 /PRNewswire/ -- Drew Capital, a commercial real estate finance firm based in Jackson, NJ, has arranged a $70-million, non-recourse, interest-only loan for Cosmo 440, a 25-story, 216-unit m…
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