Retail properties represent the highest property type concentration in this transaction, 31 loans or 38 percent of the pool, and a high concentrations of a single property type could lead to increased volatility, according to Fitch.
2 min read · 03 May 2016
The lenders provided the financing for Cindat Capital Management Limited’s acquisition of a majority stake in seven Manhattan hotel properties.
2 min read · 03 May 2016
Cheshire-based bridging loans provider Mint Bridging has formed a joint venture with Mark Abrahams, the founder of peer-to-peer lender West One Loans, to originate short-term property finance.
2 min read · 03 May 2016
Investec Bank Structured Property Finance has provided a £26 million stretch senior loan to infrastructure group Balfour Beatty to finance the development of a student accommodation scheme in Glasgow.
2 min read · 03 May 2016
Tim Du Temple has joined JLL as head of debt advisory in Australia. Prior to joining JLL, Du Temple ran his own boutique real estate capital firm and has over a decade of experience in the Australian structured real estate financing market.
2 min read · 03 May 2016
Clearbell’s director responsible for debt structuring, Nisha Raghavan, has left to join expanding European private equity firm EQT. At Clearbell, the UK opportunistic investment manager headed by Manish Chande, Raghavan reported to partner and chief financial officer Sally Doyle-Linden.
2 min read · 03 May 2016
The Class X noteholder in four distressed Titan Europe CMBS deals has lost its High Court action to recover millions of pounds of additional interest.
3 min read · 03 May 2016
The multifamily investor, in partnership with MSD Capital, secured the financing on its acquisition of a 1,004-unit apartment portfolio in suburban Baltimore, Maryland, Real Estate Capital has learned.
2 min read · 02 May 2016
The floating rate loan supported the acquisition of a 427-unit apartment community in St. Paul, Minnesota. HFF will service the loan through its Freddie Mac Program Plus Seller/Servicer program.
1 min read · 02 May 2016
While the transaction has above average concentrations of hotel loans, which are more likely to default, it also has an overall lower than average loan-to-value, according to Fitch.
2 min read · 02 May 2016
