Insight

Altico closes $45m deal in Pune

Altico Capital, the non-banking financial company of Clearwater Capital Partners, has lent Rs 300 crore (€40 million; $45 million) to Kurman Urban to fund KUL Ecoloch, a residential project in Pune.

CIT secures $100m loan facility from HSBC

The proceeds will be used to refinance the trust’s existing loan facility.

Berlin Hyp issues €500m unsecured green bonds

German mortgage bank Berlin Hyp has issued its first unsecured ‘green’ bond, raising €500 million, more than a year since it issued a green pfandbrief.

JPMorgan’s SASB deal gives investors a piece of Manhattan’s Solow Building

JPMorgan Chase is marketing the $900 million JPMCC 2016-NINE Mortgage Trust transaction, secured by a single, 10-year interest-only loan backed by the 50-story 9 West 57th Street trophy office tower in Midtown, Manhattan.

Sonnenblick-Eichner secures $75m loan on California resort

Sonnenblick-Eichner Company has arranged a $75 million loan to refinance Cavallo Point-The Lodge at the Golden in Sausalito, California, Real Estate Capital has learned.

Klépierre issues €600m bond

The French real estate investment trust Klépierre has raised €600 million through a bond issue.

Pbb finances French ‘Wolf’ portfolio

Pbb Deutsche Pfandbriefbank (pbb) has provided a €70 million loan to a joint venture between STAM Europe and York Capital Management to fund the recent acquisition of a French logistics portfolio.

CR hires banker to lead lending drive

European asset and investment manager CR has hired real estate banker Stéphane Adolf (pictured) from Hypothekenbank Frankfurt, part of Commerzbank, as it positions itself to lend in the European property market.

Northwestern Mutual backs Minneapolis tower with $85m loan

Northwestern Mutual Life Insurance Company (NML) has provided a construction-to-permanent loan in excess of $85 million the development of 365 Nicollet Residences, a 30-story, 369-unit apartment tower in downtown Minneapolis.

John Hancock provides $100m on seven-state commercial portfolio

John Hancock Financial has provided $100 million in financing for a nine-property, 1.2 million sq ft office and industrial portfolio in Florida, Georgia, Michigan, Pennsylvania, South Carolina, Tennessee and Texas.