The first major portfolio acquisition of non-core Dutch housing association stock has been financed by Deutsche Hypo, ING Real Estate Finance and pbb Deutsche Pfandbriefbank with a €331m loan.
2 min read · 12 February 2015
BNP Paribas has provided a £90.4m senior loan to Tishman Speyer for its purchase of 100 New Oxford Street in London’s West End. 100 Oxford Street croppedThe facility has a maximum term of six years and includes a £5m tranche to cover costs while the property’s existing vacancy is leased up. It reflects a loan-to-value of nearly 70%.
1 min read · 12 February 2015
David Metalonis has joined Lionheart Capital as chief investment officer, the Miami-based real estate investment firm known for its Ritz-Carlton residential projects announced today. The former senior vice president and partner for Colliers International will oversee acquisitions, dispositions, procurement of debt and equity funding. Metalonis has $1.5bn in transaction volume under his belt and brings 12 years of real estate experience to Lionheart.
1 min read · 11 February 2015
Former Starwood Property Trust executives Boyd Fellows and Warren de Haan are drawing up plans to launch a new lending business as early as next month, Real Estate Capital has learned. The duo is considering a platform that would originate loans out of a portfolio made up of private capital, and it could also underwrite and broker loans as an intermediary, sources said.
2 min read · 11 February 2015
Impax Asset Management has appointed EY’s real estate corporate finance team to raise a new green property fund.
2 min read · 11 February 2015
HIG Capital has bought a portfolio of around €50m of non-performing loans from Italian bank Group Cassa di Risparmio di Cesena. The private equity investor has bought at a discount in the region of 45%. The 52 loans are secured by a mixture of residential and commercial real estate, predominantly in the regions of Emilia-Romagna and Marche in northern Italy
2 min read · 11 February 2015
Deutsche Pfandbriefbank has funded the purchase of a shopping centre in Berlin for Tristan Capital with a €50m loan.
2 min read · 10 February 2015
Karlin Real Estate has provided $96m in first mortgage debt to refinance three resort properties in Arizona and Colorado. The firm provided a three-year (with two one-year extension options) $50m senior loan to IMH Financial Corporation to refinance the L’Auberge de Sedona and the adjacent Orchards Inn in Sedona, Arizona; and a five-year, $46m senior loan to Grand Heritage Hotel Group on The Stanley Hotel in Estes Park, Colorado.
2 min read · 09 February 2015
The five-year deal reflects a loan-to-value is thought to reflect a loan-to-value of slightly above 50%. The facility includes €10m for future capital expenditures and upgrades.
1 min read · 05 February 2015
Apollo Commercial Real Estate Finance has closed a $20m mezzanine loan secured by the 488-room Los Angeles Marriott Burbank Airport hotel in Burbank, California. MBURBThe five-year, fixed rate mezzanine loan carries a 74% loan-to-value and was underwritten to generate an 11% IRR. It is part of a $90m financing that includes a $70m first mortgage from Deutsche Bank subsidiary German American Capital Corp.
1 min read · 05 February 2015
