McCourt Partners has secured a $120 million initial loan from Bain Capital for its 360 Tenth Avenue development site in Hudson Yards. The transaction offers a useful look at how major real estate projects begin forming their capital structure before construction financing and stabilization.

Global Holdings has secured $382.4 million in refinancing for 120 Park Avenue, shortly after Bloomberg renewed nearly 496,000 square feet through 2040. The transaction provides a useful example of how long-term tenancy, operating cash flow and capital improvements factor into financing decisions for mature office assets.

New York-based Prospect Ridge has closed its second commercial real estate debt fund with $800 million in capital commitments and roughly $3 billion in total U.S. lending capacity. The strategy offers a useful look at how institutional lenders deploy capital across different positions in the real estate capital stack.