Bank of the Ozarks has provided a $54.9 million loan backing Extell Development Company’s purchase of a condominium development site on the Upper East Side of Manhattan, city property records show.
1 min read · 14 July 2016
The MBA’s $500bn forecast for US loan originations this year is plausible, but the odds are stacked against its predictions for record years in 2017 and 2018 The Mortgage Bankers Association (MBA) has forecast $500 billion in US commercial real estate loan originations for 2016, just shy of last year’s $504 billion and not far […]
3 min read · 14 July 2016
The loan went to the 100 Jane Street property owner Rockrose Development Corporation, which purchased the building in 1995, city records show. The financing pays off the unpaid principal balance from previous loan on top of a $50 million gap mortgage.
1 min read · 14 July 2016
ING Real Estate Finance has provided a £26.5 million term loan to real estate investment manager Meadow Partners to finance its recent acquisition of an office building located close to the South Bank of London’s River Thames.
1 min read · 14 July 2016
Former Citi real estate banker Stuart Hoare (pictured) has been hired by investment and asset manager CR Management to head its newly-launched debt and equity advisory division.
1 min read · 14 July 2016
Starwood Property Trust has provided $183 million in financing backing the transformation of the Presidential City apartment complex in Philadelphia, Pennsylvania, Real Estate Capital has learned.
1 min read · 13 July 2016
Principal Life Insurance Company has provided a $78 million acquisition loan on a four-building Cottonwood Corporate Center office complex in Salt Lake City, Utah. The seven year loan with a fixed 2.98 interest rate went to Hines Global REIT II, which purchased the property for $140 million, the SEC filing shows
1 min read · 13 July 2016
City Pride Limited, a vehicle which invests in real estate on behalf of overseas investors, has sourced £320 million of development finance to fund the construction of its Landmark Pinnacle residential tower in London’s Docklands.
2 min read · 13 July 2016
Closed-ended private real estate debt funds raised $18.95 billion in the first half of 2016, according to figures from PDI Research & Analytics.
1 min read · 13 July 2016
A club of four banks has provided a total of €216.3 million of finance to the recently-launched listed Italian real estate investor Coima RES, which will in part fund its maiden purchase of the bulk of Vodafone’s Milan office complex.
2 min read · 13 July 2016
