Regulators are proposing more lenient capital treatment for ‘safe, transparent and comparable’ types of securitisation. CMBS does not appear to have made the cut. Last week, the Basel Committee on Banking Supervision published updated proposals intended to define ‘safe, transparent and comparable’ (STC) forms of securitisation. CMBS was not explicitly excluded, but it seems apparent […]
3 min read · 21 July 2016
Morningstar Credit Ratings has identified $1.44 billion worth of loans that could impact CMBS deals following Ralph Lauren’s recent announcement of 50 upcoming store closures.
2 min read · 20 July 2016
Protective Life Insurance Company has provided a $30 million acquisition loan on a 301,711 sq ft Lakeland Plaza shopping center near Atlanta, Georgia. The 10-year loan with a 3.85 percent interest rate went to a subsidiary of Preferred Apartment Communities.
2 min read · 20 July 2016
ACORE Capital has provided a $136 million acquisition loan for the purchase of a commercial property located in the Long Island City neighborhood of Queens, New York, Real Estate Capital has learned.
2 min read · 20 July 2016
Link Asset Management Limited, manager of the Link Real Estate Investment Trust, has launched its first green bond to raise $500m.
2 min read · 20 July 2016
CBRE has secured an $82.5 million Fannie Mae loan on Centennial Holding Company’s acquisition of Camden Summerfield, a 478-unit Class A apartment community in Landover, Maryland, Real Estate Capital has learned.
1 min read · 19 July 2016
Morgan Stanley and Citi have provided Senior Housing Properties Trust (SNH) with a $620 million mortgage loan to refinance two Vertex Pharmaceuticals-occupied life-sciences buildings in Boston’s Seaport District.
1 min read · 19 July 2016
US Bank has provided a $58.54 million construction loan on the 264-room Omni Hotel at The Battery Atlanta development project near the future stadium of the Atlanta Braves baseball team.
2 min read · 19 July 2016
Mesa West Capital and Hudson Pacific Properties have provided Chinese technology company LeEco with with $140 million in financing to buy a plot of land from Yahoo! for the development of its future US headquarters in Silicon Valley, sources confirmed to Real Estate Capital.
2 min read · 18 July 2016
China’s Ping An Bank has provided the initial £100 million of a £500 million development finance package which will fund a luxury residential-led scheme in the Nine Elms area of London.
2 min read · 18 July 2016
