The financing was secured on the Sunset La Cienega project and went to the developer CIM Group, an anonymous source told Real Estate Capital.
1 min read · 26 July 2016
Principal Life Insurance Company has provided a combined $191 million on two retail properties: the World Diamond Tower in Manhattan and Plaza 183 shopping center in the Los Angeles area.
2 min read · 25 July 2016
The loan went to the building’s owners Long Wharf Real Estate Partners and Treeline Companies to refinance existing debt and reposition the property into Class A office space, according to the lender.
1 min read · 25 July 2016
When REC caught up with Hussey last week, he said the forward deal pipeline is likely to include an additional $600 million in Fannie/Freddie originations by the end of August.
2 min read · 25 July 2016
State Bank of India (SBI) has signed a Memorandum of Understanding with Brookfield Asset Management, Canada’s largest alternative asset manager, to invest in stressed assets in India.
2 min read · 25 July 2016
IDFC Alternatives, an Indian alternative investment manager, is approaching the second and final close of its IDFC Score Fund within two months, according to a senior executive from the firm.
1 min read · 25 July 2016
Avamore Capital, the London-based short-term property finance specialist, has hired Italian national Rocco Versace as an analyst. Versace has been brought in from Anacott Capital Real Estate, the real estate investment and advisory firm, where he focused on the UK and Italian lending markets.
1 min read · 22 July 2016
Lloyds Bank Commercial Banking has completed its first deal to be subsidised through the £1 billion ‘green’ commercial property lending fund which it launched in March this year.
2 min read · 22 July 2016
A club of six international banks has agreed to provide around £500 million of development funding for Brookfield Property Partners’ 100 Bishopsgate tower in a major post-Brexit City of London financing.
2 min read · 21 July 2016
The private, mid-market bridge lending business escapes much of the regulations that have impacted the banks and CMBS this year, opening up opportunities for Pembrook to do more transactions other lenders won’t, as Real Estate Capital reported previously.
2 min read · 21 July 2016
