Insight

Nationwide provides $31m on New Jersey retail center

Nationwide Real Estate Investments has provided a $31 million refinancing on a 136,928 sq ft, grocery-anchored retail center in the suburb Lyndhurst in Northern New Jersey.

JPMorgan provides $98m on San Francisco office building

The bank provided the 10-year fixed rate loan on the 25-story building at 180 Montgomery Street to Sidra Montgomery, LLC, according to CBRE Capital Markets, who helped arrange the deal.

OCC to focus on flow of funds from banks to non-banks

The Office of the Comptroller of the Currency (OCC) will reportedly be focusing more attention on the flows of money from large national bank lenders, which it oversees, to their non-bank counterparts.

Starwood arranges refi of Varde’s Magni Finance agency CMBS

Starwood Capital has arranged a £158.1 million refinancing of the agency CMBS deal which Varde Partners issued last December to refinance a UK property portfolio.

MaxCap bolsters team as fundraising for CRE debt ramps up

MaxCap Group, the Australian commercial real estate (CRE) debt investment manager, has made two new hires after raising A$310 million (£157 million) in 17 deals since the beginning of the year – triple the amount raised in the same period last year.

Pillar provides $32.5m HUD loan on Long Island healthcare facility

Pillar has originated a $32.5 million HUD 232 loan to National Healthplex for the conversion and rehabilitation of the The Regency at Glen Cove, an assisted living and memory care facility in Glen Cove, New York on Long Island.

CCRE writes 10-year loan on $26m San Diego acquisition

Cantor Commercial Real Estate has provided $18 million to Webb Management & Investments for the acquisition of a four-building, multi-tenant business park in San Diego, California.

Related secures $88m loan for SoHo development

Related Companies and its partners have secured an $88 million construction loan from Deutsche Bank AG for the development of 300 Lafayette Street in the SoHo district of Manhattan, Real Estate Capital has learned.

Wells Fargo backs Phoenix, AZ’s priciest multifamily acquisition

Wells Fargo has provided a $52 million loan to Simpson Housing for the purchase of the Citrin, a 312-unit apartment building in Phoenix, Arizona. Simpson Housing paid JLB Partners, the original developer of the property, $94 million for the property, which puts the loan-to-value at about 55 percent.

Banks back Blackstone’s $1.9bn RioCan REIT acquisition

Wells Fargo and J.P. Morgan are reportedly financing Blackstone’s $1.9 billion purchase of a 49-property US shopping center portfolio from RioCan REIT of Toronto, and they are looking to syndicate the $740 million senior portion of the loan.