Insight

Wells Fargo leads banks on $243m financing of DC office building

Loan refinances a 400,000 sq ft office property at 2000 L Street NW.

M&T Bank provides $77m financing on UES developments

Manufacturers and Traders Trust Company (M&T Bank) has provided $76.54 million to refinance the debt on a mixed-use development going up on the Upper East Side of Manhattan.

Owners seek $1.4bn in financing at ‘Sony Building’ in NYC

The owners of the Sony Building at 550 Madison Avenue in Manhattan are reportedly seeking about $1.4 billion to refinance the existing debt secured when they purchased the property in 2013.

Natixis completes $50m New Jersey retail financing

The floating rate, non-recourse loan on the 245,000 sq ft portfolio also funds redevelopment and retenanting costs.

Rockport provides $170m on LES affordable housing

Rockport Mortgage Corporation has provided $170.54 million in financing on a federal affordable public housing project in the Lower East Side of Manhattan, Real Estate Capital has learned based on city property records.

Credit ‘bar-belling’ continues with new $771 million CMBS conduit

A new CMBS conduit transaction demonstrates how “Credit Bar-Belling,” or using a lower leverage investment grade (IG) loan to compensate for increases in riskier loans, continues unabated among CMBS loan pools.

pbb provides €160m to refinance Valad’s Central European Industrial Fund

Pbb Deutsche Pfandbriefbank has refinanced its existing debt held against a portfolio of Central European industrial assets following the acquisition of the properties by Valad Europe.

Tech ‘Gold Rush’ locks up San Fran MF market

By Justin Slaughter A well paid tech workforce streaming in from neighboring Silicon Valley is the latest Gold Rush to hit the city of San Francisco. With companies like Facebook, Google and Apple sponsoring private luxury coach buses that shuttle their employees down Highway 101 to work and back, thousands of tech workers are shunning […]

Madison Realty Capital backs East Harlem condo development

Madison Realty Capital has provided a $60 million loan to Heritage Real Estate Partners for the development of a condominium tower being built in Manhattan’s East Harlem neighborhood, Real Estate Capital has learned based on city property records.

Tishman finances Economist HQ purchase with £75m pbb loan

Tishman Speyer has sourced £75 million of finance from pbb Deutsche Pfandbriefbank to finance its acquisition of the Economist Plaza complex in central London.