Insight

Hammerson secures £420m revolver from eight banks

Hammerson, the UK shopping centre-focussed REIT, has agreed a new £420 million unsecured revolving credit facility with a syndicate of eight banks.

UBS AM appoints new China property head

UBS Asset Management (UBS AM) has hired Derek Lai as senior portfolio manager for its Global Real Estate business (GRE).

NYCB provides $128m on Long Island multifamily

The regional balance sheet lender provided the five-year loan with a 3.13 percent fixed-rate, two years of interest-only payments and a 75 percent loan-to-cost ratio.

The institutionalisation of online lending

“The UK property market has been seriously dysfunctional for some time”. This was the attention-grabbing assertion made by InvestSure chief executive officer (CEO), Janine Lewis, upon the launch of the new online financing platform earlier this week.

Deutsche Hypo warns that CRE represents a “major challenge” to lenders

German mortgage bank Deutsche Hypo increased its volume of new commercial real estate lending by 2.8 percent during 2015, although management board member Andreas Pohl warned that the CRE finance market represents a “major challenge” for all lenders.

HSBC’s Willingham to become CREFC Europe chairman

Steve Willingham, HSBC’s head of EMEA real estate finance, has been announced as the next chairman of the Commercial Real Estate Finance Council (CREFC) Europe.

Arbor provides $132m on Garment District condo and hotel

The financing replaces $70.1 million in existing debt that Arbor provided the group of borrowers in March 2014, and includes an additional $61.5 million mortgage.

Voya provides $70m loan on San Fran offices

Voya Investment Management has provided $70 million in financing to The Swig Company to refinance the Mills Building offices in San Francisco, located at 220 Montgomery Street.

AllianceBernstein closes $1.6bn debt fund

AllianceBernstein has closed its second commercial real estate debt fund at $1.55 billion, double the size of its predecessor vehicle, Real Estate Capital’s sister publication, PERE, reported.

Henley provides £16.65m development loan for Sutton residential scheme

Henley Property Finance (HPF), a subsidiary of private equity real estate firm Henley, has provided £16.65 million of development finance to fund a residential scheme in Sutton, Surrey.