10Y UST4.55%-0.44%30Y MTG6.55%+0.92%SOFR3.59%-0.83%VNQ$99.48-0.54%XLRE$45.23-0.42%FED FUNDS3.63%
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Commercial Observer · Capital

Madison Realty Capital, Cottonwood Group Provide $211M Construction Loan in N.J.

Via Commercial Observer · July 20, 2026
Compiled by Real Estate Trail Editorial · July 20, 2026

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.

Editorial analysis · AI-assisted

Excerpt from Commercial Observer:
Somerset Development has secured $211 million in construction financing to build LIDO Asbury Park , an eight-story, 112-unit luxury condominium on the oceanfront of Asbury Park, N.J., according to a release. Madison R…
Read the full article at Commercial Observer

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