Bank of New York Mellon (BNY Mellon) has provided a $120 million financing on a Beaux-Arts style retail building near Astor Place in Lower Manhattan.
1 min read · 18 July 2016
The financing includes a $46 million fixed-rate construction loan from East Boston Savings Bank and $12.7 million in subordinate debt from Canyon Partners Real Estate, according to HFF, which arranged the deal.
1 min read · 18 July 2016
CBRE Capital Advisors has expanded its debt and structured finance team with the hiring of a head of transaction management. Vishnu Reddy has joined the firm from the corporate and investment banking division of BNP Paribas.
1 min read · 18 July 2016
Deutsche Bank has elevated Werner Steinmueller as the bank’s chief executive officer (CEO) of Asia Pacific and as a member of the management board. It has also appointed John Gibbons as his successor as head of global transaction banking.
1 min read · 18 July 2016
The Office of the Comptroller of the Currency has issued a warning about emerging risks in US commercial real estate lending, cautioning that loosening underwriting standards are increasing credit risk.
2 min read · 15 July 2016
Kennedy Wilson has secured a $62.6 million Freddie Mac financing on a 430-unit Belara at Lakewood apartment community in the Seattle, Washington suburb.
1 min read · 15 July 2016
AXA Equitable Life Insurance Company has provided a $295 million refinancing package for Jake Resnick & Sons’ One Seaport Plaza in Lower Manhattan.
1 min read · 15 July 2016
ING Real Estate Finance has provided a €42 million loan to 90 North Real Estate Partners to finance its acquisition of the newly built global headquarters of construction group Heerema Marine Contractors (HMC) in Leiden, the Netherlands.
2 min read · 15 July 2016
Investec Bank Structured Property Finance has provided a £23.2 million loan to fund the development of a student accommodation block in Cardiff.
2 min read · 15 July 2016
Lloyds Bank Commercial Banking has written a £23 million loan to refinance a mixed-use development located in Sheffield.
2 min read · 15 July 2016
