Insight

Goldman Sachs to syndicate £160m Canary Wharf loan

Goldman Sachs is seeking to syndicate a £160 million loan it made to Hong Kong investor HNA Investment Holding.

ICG-Longbow raises £425m for residential development mandate

ICG-Longbow, the real estate debt business of Intermediate Capital Group (ICG), has completed the raising of £425 million from a single party to be invested in UK residential development loans.

First Republic Bank provides $53m on Manhattan condo

The San Francisco-based bank provided the loan to Macklowe Properties on the 11 residential and one commercial condo units at 737 Park Avenue, property records show.

Developer signs largest housing securitisation in the Philippines

8990 Holdings Inc (8990) has mandated China Bank Capital to arrange and underwrite a PHP5 billion-worth ($107 million) securitisation of contracts to sell (CTS). 8990 subsidiaries will sell the CTS in receivables to a special purpose company (SPC) of China Bank Capital, which will then issue three tranches of asset-backed securities (ABS) to investors.

Helaba revamps team to reach debt distribution goals

Helaba has put a new debt distribution structure in place to support the bank’s drive to syndicate a quarter of its loans, Real Estate Capital has learned.

ING REF provides $149m on Silicon Valley multifamily

ING Real Estate Finance has provided a $148.6 million senior secured loan to finance the 328,024 square foot Sharon Green Apartments complex in Menlo Park in Silicon Valley, California.

Hatfield Philips’ UK head of servicing quits to join LRC Group

Matt Grefsheim, head of primary and special servicing at Hatfield Philips International, has left to join distressed real estate investor LRC Group.

Signature Bank provides $62m loan on Bronx apartments

The bank provided the loan to the Riverview Redevelopment Company and the Housing Partnership Development Corporation on the building at 1600 Sedgwick Avenue, property records show.

DRC finances PRS developer Essential Living

DRC Capital has provided a £11.4 million loan to Essential Living, a London-based developer and operator of private rented sector residential property.

US CMBS loans resolved with losses hits six-year low: Fitch

As fewer US CMBS loans are resolved due to major declines of inventory in special servicing, the proportion of loans resolved with losses has also hit a six-year low, according to a new report from Fitch Ratings.