The PrivateBank has provided a $25 million bridge loan for the acquisition and renovation of the Timber Creek Apartments in the Woodridge, Illinois suburb of Chicago.
1 min read · 27 June 2016
New policies since the global financial crisis have created “silos” which have limited the ability of regulators to maintain an overview of their regulations’ effects on the European commercial real estate debt market says a paper published today. CRE Debt in the European Economy 2016 is aimed at Europe’s policymakers and – Brexit vote notwithstanding – is the first piece of joint work on the debt markets put out by a coalition of UK and European associations
4 min read · 27 June 2016
Indiabulls Alternative Investments is set to launch a Rs1000 ($150 million) realty fund from non-resident Indian (NRI) investors.
2 min read · 27 June 2016
Lloyds Bank Commercial Banking, Wells Fargo and PGIM Real Estate have teamed up for a £169 million financing of the student accommodation arm of a Manchester-based property developer.
2 min read · 27 June 2016
The seven-year loan with a fixed interest rate of 3.22 percent went to CBL & Associates Properties and Stirling Properties.
1 min read · 24 June 2016
Alchemy Properties is proving this month that it’s feasible to secure bank financing on condominium construction projects in Manhattan, despite industry talk that this market is overheating.
2 min read · 24 June 2016
The 10-year loan with a fixed interest rate of 4.25 percent went to Chesapeake Lodging Trust, which expects to use the financing to repay outstanding borrowings.
1 min read · 24 June 2016
UK real estate finance market players have reacted to the country’s historic vote to leave the EU with a mixture of shock and bewilderment, but also resolve. Outwardly, many in the overwhelmingly pro-EU industry have expressed a ‘keep calm and carry on’ message in the face of the inevitable economic uncertainty which has gripped the […]
3 min read · 24 June 2016
Freddie Mac has sold 2,879 deeply delinquent non-performing loans (NPLs) with an unpaid principal balance of $706.3 million from its mortgage investments portfolio.
2 min read · 24 June 2016
UK financial markets were in shock this morning after the UK’s 52 to 48 percent vote in favour of leaving the European Union. A markets rally in the immediate run-up to the vote was reversed, with the FTSE and sterling falling sharply, and swap and gilt rates down.
4 min read · 24 June 2016
