Since starting its balance sheet lending in 2012, the real estate investment firm has provided bridge loans and preferred equity investments to 61 multifamily properties across the US, including student and senior housing.
1 min read · 13 October 2016
US regional banks are winning the greatest share of CRE originations as CMBS falters. New York Community Bank is a small fish in a big pond. Specialising in multifamily loans in New York City, the bank can’t compete with the likes of Wells Fargo or JPMorgan on Manhattan’s prime assets, lending instead on small- to […]
2 min read · 13 October 2016
Phoenix Property Investors, the Hong Kong-based private equity real estate firm, has launched its first real estate debt fund in Asia with a $250 million capital raising target, Real Estate Capital sister publication PERE reported.
2 min read · 12 October 2016
US-headquartered investment firm Atalaya Capital Management has expanded its real estate focus with the appointment of Young Kwon from rival firm Apollo.
2 min read · 12 October 2016
Real estate investment trust Ashford Hospitality Trust has refinanced four mortgage loans with existing outstanding balances of approximately $415 million.
1 min read · 12 October 2016
Asia-based alternative investment firm Pacific Alliance Group (PAG) has partnered with South Korean brokerage company Meritz Securities to launch a 200 billion won (€163 million; $180 million) private debt fund to provide senior loans backed by properties in South Korea.
1 min read · 12 October 2016
JPMorgan Chase has provided a $60 million loan to Sterling Organization on its 661,156 sq ft Windsor Square Shopping Center property in a suburb of Charlotte, North Carolina. The proceeds from the 10-year fixed-rate loan paid off a maturing CMBS loan, according to HFF, which arranged the deal.
1 min read · 11 October 2016
Following the $14 billion fine the US government hurled at Deutsche Bank (DB), sending its stock price plunging last month, Kroll Bond Ratings Agency (KBRA) issued a searing rebuttal of the US Department of Justice (DoJ) and its handling of the fine.
3 min read · 10 October 2016
CBRE Capital Markets has arranged one of the largest multifamily transactions of 2016, placing $500 million of Freddie Mac financing on Strata Equity Group’s $720 million acquisition of a 24-property portfolio spanning four US states.
2 min read · 10 October 2016
Fundraising by closed-ended real estate-focused debt funds had reached more than $23.2 billion by the end of the third quarter of 2016, according to data from PDI Research & Analytics.
1 min read · 10 October 2016
