United Overseas Bank Limited, New York Agency has provided $220 million in financing for the conversion of the upper floors of the iconic Woolworth Building in Manhattan, according to Reed Smith, the law firm representing the lender.
1 min read · 17 June 2016
The trust purchased the entire portfolio from Wilson Company for $563.5 million. The portfolio has heavy concentrations in Orlando and Tampa.
2 min read · 17 June 2016
International banks feel the allure of US lending opportunities as European market slows Plenty has been said about the slowdown in European transaction activity this year, a confluence of investor caution about historically low yields in certain markets, and next week’s EU referendum in the UK. It’s interesting, therefore, to check in with the European bank […]
3 min read · 17 June 2016
Peer-to-peer real estate lender LendInvest has appointed Stephan Wilcke (pictured), the former executive chairman of OneSavings Bank, as senior adviser to its senior management team.
2 min read · 17 June 2016
After a historical year for multifamily loan originations, GSE lenders should expect to do more or better this year, despite a slowdown in multifamily prices. That was the message CRE finance insiders heard at the GSE Multifamily Forum session, led by both borrowers and lenders, yesterday at the CRE Finance Council annual conference in Manhattan.
2 min read · 16 June 2016
The floating rate, LIBOR-based financing, which includes a senior mortgage and mezzanine loan, will allow developer DLC Residential to convert the 13-story tower in the Chicago Loop neighborhood — at 29 South LaSalle — into 216 apartments and add an additional floor for tenant amenities.
2 min read · 16 June 2016
Park Street Advisors, the private equity firm founded by former RBS banker Pradeep Pattem (pictured), has formed a joint venture with value-add real estate specialist Around Town to buy the remaining properties which secured a loan within the legacy DECO 15 – Pan Europe 6 CMBS.
2 min read · 16 June 2016
KeyBank Real Estate Capital has provided $324 million in financing to the Chicago-based real estate company Enlivant on a portfolio of 76 senior care facilities in the US.
1 min read · 16 June 2016
Pbb Deutsche Pfandbriefbank and HSBC have jointly provided a €117 million development loan to Valad Europe’s Valad Polish Retail Fund to finance development and refinance existing debt relating to the Janki shopping centre in Warsaw.
2 min read · 16 June 2016
This year could mark the first year since the advent of commercial mortgage-backed securities that insurance company lenders take the upper hand in originations volume, delegates heard at the annual CREFC conference in Manhattan this week.
2 min read · 15 June 2016
