Insight

Berlin Hyp provides €115 million loan on LEG residential portfolio

Berlin Hyp is providing a € 115 million refinancing on a 239,000 sq mt residential portfolio by a subsidiary of LEG Immobilien AG.

Bank of China provides $314m on Madison Avenue office building

Bank of China has reportedly provided a $313.5 million loan to Jamestown, George Comfort & Sons and Loeb Partners on an 870,000 sq ft office building in the NoMad neighborhood in Midtown, Manhattan.

The UK’s ‘Bremainers’ speak out

One way or another, history will be made five weeks from today when the British people vote on whether the UK should remain a member of the European Union. The real estate industry is stocked with opinionated people who no doubt have a range of views on the topic, but the clearest message is this: the referendum is disruptive and a ‘leave’ vote would have little upside.

Hermes provides £42 million loan on UK shopping centres

Hermes Real Estate Senior Debt Fund has provided a £42 million financing on two UK shopping centers: the Kirkgate Centre in Bradford and Kennet Shopping Centre in Newbury.

Consortium of foreign lenders back NYC condo tower at 45 Park Place

Soho Properties announced it has secured $219 million in construction financing for the development of a 43-floor, 665-foot condominium tower at 45 Park Place in the Tribeca neighborhood of Manhattan.

CREFC urges Senate to pass bill mitigating risk retention impacts

The Commercial Real Estate Finance Council (CREFC) will urge regulators on the Senate Banking Subcommittee this morning to pass the Preserving Access to CRE Capital Act of 2016, also known as H.R. 4620.

SunTrust Bank provides $26m on California offices

SunTrust Bank has provided a $26.1 million acquisition loan on a 176,843 sq ft office campus in the City of West Covina in the San Gabriel Valley near Los Angeles.

Cohen Financial arranges $36m in Chicago CMBS loans

Morgan Stanley, through its CMBS platform, has provided $35.925 million on the acquisition of three multifamily properties in the Chicago suburbs.

BAML, UBS to launch $876m CMBS

Bank of America Merril Lynch and UBS plan to originate a $876.3 million BACM 2016-UBS10 transaction, backed by 52 loans on 84 properties.

Greystone closes loan on Nashville affordable housing complex

Greystone’s FHA lending group closed 13 HUD-insured loans in April, including a $19 million 221(d)(4) loan on the 190-unit Radnor Towers affordable housing property in Nashville, Tennessee.