Ratings agencies and industry research firms continue to flag the impacts that a mounting wave of retail store closings could have on retail CMBS deals in the US.
2 min read · 27 April 2016
TD Bank announced this week that its Commercial Real Estate (CRE) Group closed more than 300 financing transactions totaling $5.1 billion in 2015.
2 min read · 27 April 2016
A Tel Aviv judge has ruled that the investors tied to an Israeli bond issued by Canadian developer Urbancorp are entitled to “immediate repayment” of nearly $48 million (180 million shekels).
2 min read · 27 April 2016
Peer-to-peer lender LendInvest has reported closing 14 real estate development finance deals ranging in size from £400,000 to £10 million during the first four months of its development lending strategy.
2 min read · 27 April 2016
Lone Star Funds has closed its latest opportunistic real estate fund in just five months, garnering $5.9 billion, Real Estate Capital’s sister title PERE reported. The fund is targeted at both real estate debt and equity investments, the firm said.
2 min read · 27 April 2016
Berlin Hyp, which last year launched the first ‘Green Pfandbrief’, has allocated more than €1 billion of loans backing sustainable properties to the covered bond.
3 min read · 27 April 2016
JC Rathbone Associates has acquired the social housing and bond advisory business of investment banking firm Canaccord Genuity taking its European client relationship team to 50.
3 min read · 27 April 2016
Scott Nuttall, head of KKR’s Global Capital and Asset Management Group, indicated during a Q1 conference call this week that the firm is looking at outside sources of capital to boost investment power after seeding its first real estate credit fund with internal funds.
2 min read · 26 April 2016
Pembrook Capital Management has provided a $25.8 million mezzanine loan to the McSam Hotel Group. The loan bears a 12-month maturity, has a first mortgage conversion feature and will be used to facilitate a partner buyout and predevelopment.
2 min read · 26 April 2016
The payoff rate for maturing US CMBS loans hit its highest level in 14 months this March, but Morningstar says it could decline dramatically by 2017 due to high loan-to-values on loans that have yet to mature.
2 min read · 26 April 2016
