10Y UST5.28%+0.19%30Y MTG7.40%+1.65%SOFR3.87%-0.26%VNQ$90.32+1.08%XLRE$41.44+1.43%FED FUNDS3.88%
Real Estate Trail
Institutional Press Wire
Connect CRE · Capital

Terra Inks $507M Construction Loan for Biscayne Bay Condos

Via Connect CRE · October 9, 2026
Compiled by Real Estate Trail Editorial · October 9, 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 · Real Estate Trail Editorial

On the RET wire

  • Disclosed capital deal value tracked in October 2026: $5.5B across 21 reported transactions.

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Terra , in partnership with RG Development Group, GV Development and LORE Development, has secured a $507 million construction loan from TYKO Capital for the development of 1250 West Avenue, a new luxury waterfront co…
Read the full article at Connect CRE →

External link. Real Estate Trail does not republish source content.

Related coverage — Capital