The top government housing agency has increased the multifamily lending caps for Fannie Mae and Freddie Mac by $4 billion for 2016, based on estimates of the increasing size of multifamily finance market this year, from $31 billion to $35 billion, effective immediately.
1 min read · 05 May 2016
Despite some blunt assessments on the outlook for CMBS, room for optimism remains as spreads chart impressive reversal. As I walked the floor at CREFC’s High Yield & Distressed Realty Assets Summit in Manhattan back in March, I recall distinctly how one industry acquaintance bluntly summarized the mood of the event: “This is depressing, isn’t it?” […]
3 min read · 05 May 2016
White Tower and Colliers International, the opposing parties in the White Tower valuation negligence case, have announced they have agreed to dismiss the case, on the sixteenth day of the trial.
2 min read · 05 May 2016
Mack Real Estate Credit Strategies has reportedly placed a $200 million loan to refinance Meadow Partners’ office condominiums at 866 United Nations Plaza on the east side of Midtown Manhattan. Meadow Partners purchased the property from Vornado Realty Trust in December of 2013 for $200 million, at the time financing the purchase with $140 million […]
1 min read · 04 May 2016
Buecking will join the real estate investment platform in Denver, Colorado and will work under David Williams, leader of JLL’s Multifamily Capital Markets, to grow the firm’s multifamily prominence in the area. JLL anticipates that GSEs lending volumes may eclipse $100 billion in 2016.
2 min read · 04 May 2016
Bridge Investment Group Partners (Bridge-IGP) has launched ROC Debt Strategies Fund II, according to documents filed with the Securities and Exchange Commission.
2 min read · 04 May 2016
The loan replaces $85 million in debt provided by an AIG Investments-led group in January 2014 and adds to it an additional $75 million of new mortgage debt.
1 min read · 04 May 2016
Canada Life Investments has provided a long-term £53.5 million loan to London-based affordable housing provider Dolphin Living to finance a portfolio of London properties.
2 min read · 04 May 2016
Redsky Capital has secured $94 million in loans to refinance 241 Bedford Avenue, a 74,370 sq ft mixed-use property in the Williamsburg neighborhood of Brooklyn, New York, Real Estate Capital has learned.
1 min read · 04 May 2016
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.
1 min read · 04 May 2016
