The Supply Chain Crisis Is Escalating — But This Tech Startup Keeps Winning

Global supply chain chaos is intensifying. Major retailers warn of holiday shortages, and tech giants are slashing forecasts as parts dry up.

But while others scramble, one smart home innovator is thriving.

Their strategic move to manufacturing outside China has kept production running smoothly — driving 200% year-over-year growth, even as the industry stalls.

This foresight is no accident. The same leadership team that saw the supply chain storm coming has already expanded into over 120 BestBuy locations, with talks underway to add Walmart and Home Depot.

At just $1.90 per share, this resilient tech startup offers rare stability in uncertain times. As investors flee vulnerable companies, this window is closing fast.

SECURE YOUR POSITION BEFORE PRICES RISE

_{Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.}

Good Morning Everyone

Welcome to your weekly CRE market update. We're breaking down the biggest deals and revealing the lending criteria that's driving them.

🏢 Top Domestic & Global Deals
🔦 Deal Spotlights
👤 Lender Profiles
🤝 Opportunities (Brokers, Lenders, Developers, Investors, and RE Agents)
📝 New Loan Programs

Let’s dive in.

🔄HELP SHARE OUR NEWSLETTER WITH YOUR FRIENDS

If you want insights on top CRE active lenders and opportunities for your next deal.

Bridge Loan Guy
Top Loans of the Week

Largest single deal: $773 million (Enlight Renewable Energy solar-plus-storage project)

Lender of the Week: BNP Paribas—not just for the sheer dollar volume (leading that mammoth $773 million renewable energy deal) but for its positioning between two massive trends (renewable boom and ESG mandate sweeping through institutional capital).

Sectors financed: Renewable Energy/Energy Storage, Office, Multifamily (Conventional & Affordable), Retail, Senior Housing, Medical Office, Mixed-Use, Hotel, Industrial, Land

Lenders: BNP Paribas, Crédit Agricole, Natixis, Nord/LB, Goldman Sachs, Morgan Stanley, Wells Fargo, MUFG, Nomura, Affinius Capital, InterVest Capital Partners, GoldenTree Asset Management, BHI, Northwind Group, Citigroup, Hudson Housing Capital, Deutsche Bank, MF1 Capital, Pbb, and Redevco.

TOP DEALS

US Market
◾ A consortium provided $773M debt to Enlight for CA solar+storage Link
◾ Hudson Pacific Properties received a $475M CMBS loan from Goldman Sachs for West Coast offices. Link
◾ Greenalia received a $295M+ loan from MUFG/Nomura for TX solar park construction. Link
◾ PMG received a $215M construction loan from GoldenTree for a Miami condo tower. Link
◾ Nortco Development received a $170M construction loan from BHI/Northwind for NYC luxury residences. Link
◾ Tishman Speyer secured $166M via Citigroup/Hudson for Queens affordable housing. Link
◾ GFP Real Estate obtained a $137.5M refi from Deutsche Bank for a NYC life science bldg. Link
◾ The Lynd Group received a $132.5M bridge loan refi from MF1 Capital for FL multifamily. Link
◾ SPNA/Mirae secured a $110M refi for Chicago luxury apts. Link
◾ Himmel + Meringoff received a $93M recap from Delaware Life for a NYC mixed-use bldg medical space. Link

Global Market
◾ Real Estate received a €120M refinance loan from pbb for a Polish logistics portfolio. Link
◾ Redevco provided a €56.8M loan supporting Original Works' London office refurbishment. Link

DEAL SPOTLIGHTS

Enlight's $773M Renewable Energy Play
◾ LTV: 65-70% (estimate based on typical utility-scale renewable project financing)
◾ Interest Rate: SOFR + 225-275 bps (educated guess for investment-grade renewable infrastructure)
◾ Loan Term: Construction period through 2026, converting to 7-10 year term facility
◾ Property Type: 403MW solar PV with 688MWh battery storage system near Sacramento
◾ Borrower Profile: Publicly-traded IPP with a growing US renewable portfolio
◾ Unique Feature: Four-bank consortium structure with built-in construction-to-term conversion
Strategic Significance: This construction-to-term structure eliminates the dreaded "takeout risk" facing most developers. It's like having your mortgage pre-approved while you're still pouring the foundation—a game-changing advantage when capital is tight everywhere else.

Hudson Pacific's $475M Office Portfolio Strategy
◾ LTV: 55-60% (estimate based on current office valuation challenges)
◾ Interest Rate: SOFR + 376 bps
◾ Loan Term: 2-year initial with three 1-year extension options
◾ Property Type: Six premier office properties spanning 1.4 million SQFT across LA, Seattle, San Francisco, and San Jose
◾ Borrower Profile: Publicly-traded REIT specializing in high-quality West Coast office assets
◾ Unique Feature: CMBS execution in a challenging office finance environment
Strategic Significance: Hudson Pacific pulled off something remarkable here—securing attractive financing in a brutal office market. Those extension options function as financial insurance policies, giving them precious flexibility when uncertainty is the only certainty.

Deutsche Pfandbriefbank's €120M Polish Logistics Portfolio Financing
◾ LTV: Estimated 55-60% (estimate based on typical European logistics financing parameters)
◾ Interest Rate: Likely Euribor + 1.90% to 2.40% (estimate based on current CEE logistics lending spreads)
◾ Loan Term: 5-7 years with potential extension options (estimate based on institutional investor hold periods)
◾ Property Type: Logistics portfolio spanning over 220,000 sqm across four properties in established Polish logistics hubs
◾ Borrower Profile: EQT Real Estate, part of global investment organization EQT, with €232 billion in total AUM
◾ Unique Feature: Full occupancy with diversified tenant mix, strategically positioned in established logistics corridors
◾ Strategic Significance: This refinancing backs Poland's logistics sector evolution, positioning the portfolio along tomorrow's digital commerce highways. The conservative leverage structure suggests both parties anticipate rental growth as Poland's "near-shoring" advantage continues attracting operations seeking EU proximity with favorable economics.

LENDER PROFILES

Lender A: Multifamily Specialist
Focus: Multifamily bridge and permanent financing with a growing emphasis on affordable/workforce housing
LTV Range: 65-75% (estimate based on agency-backed multifamily standards)
Interest Rate: 3-year floating rates typically SOFR + 300-400 bps; fixed options via agency execution
Geographic Scope: Nationwide with concentration in growth markets across Southeast and Southwest
Deal Size: $10 million to $100+ million 
Key Criteria: Stabilized occupancy (or clear value-add strategy), experienced sponsors, markets with positive migration patterns, properties with operational upside
Contact: Available if you have a deal

Lender B: The Green Transformation Specialist
Focus: Office repositioning, sustainable retrofits, and brown-to-green conversions
LTV Range: 55-65% (Estimate based on similar green lending structures)
Interest Rate: SONIA/EURIBOR + 200-275 bps (Estimate for green loan products)
Geographic Scope: Major European markets with focus on UK, Netherlands, Germany and France
Deal Size: €20 million to €150 million
Key Criteria: Properties with clear ESG transformation potential, prime locations, strong sustainability credentials potential (BREEAM Outstanding, EPC A targets), experienced sponsors with proven track records in value-add strategies
Contact: Available if you have a deal

Need a better offer for your CRE deal? Email [email protected] and get lender introductions.

TIPS FOR BORROWERS IN THE CURRENT CLIMATE
◾ Leveraging ESG Elements can attract premium financing terms as lenders face increasing pressure to demonstrate ESG commitment.
◾ Regional banks and specialty finance providers are filling gaps left by larger institutions, particularly for middle-market transactions in the $5-50 million range.
◾ Lenders are rigorously scrutinizing business plans, requiring more comprehensive pre-leasing or committed offtake agreements before funding.

💡 OPPORTUNITIES

1. Brokers
   ◾ Target family offices and high-net-worth investor networks that are quietly funding the equity components of ultra-luxury developments (Referral Partner: Private wealth advisors at boutique investment firms)

2. Developers
   ◾ Target older medical buildings near hospitals for value-add renovation strategies that accommodate modern care delivery (Referral Partner: Healthcare practice management consultants)
   

3. Investors
   ◾ Partner with experienced operators to acquire underperforming boutique hotels at loan-to-cost ratios below 65% (Referral Partner: Regional bank workout officers dealing with hospitality exposure)
   

4. RE Agents
   ◾ Create a specialized practice connecting medical practitioners to retail conversion opportunities (Referral Partner: Healthcare practice management consultants advising on facility needs)

NEW LOAN PROGRAM & LENDERS

◾ Zelio E Mobility partners with Kotak Mahindra Bank to offer competitive financing options for customers purchasing their electric scooters. Read

😲 DIDN’T SEE THAT ONE COMING

◾ Par for the Course: Funding CEO Gets 15½ Years to Perfect His Prison Putt After $400M Fraud Article
◾ Hooters bankruptcy reveals company assets were top-heavy, liquidity surprisingly flat Article
◾ Thor's Hammer Falls on SoHo: Premier Faces Foreclosure, Real Estate Gods Not Amused Article
◾ Water Street Runs Dry, Leaving Metro Loft Drowning in $265M Debt Article
◾ Father-son duo charged in $284M sports complex fraud; family therapy sessions now conducted through prison glass Article

Lastly, no content provided by Bridge Loan Guy or Loans, Lenders & Leverage should be considered tax, investing, or financial advice. This email and any other content we provide are for entertainment and education purposes only. We do not claim to provide tax, investment, financial, or other legal advice. Any content provided by Bridge Loan Guy or Loans, Lenders & Leverage is the personal opinion of our owners and/or staff – you should always conduct your own research.