Real estate lender Cheyne Capital Management has closed the Cheyne Real Estate Credit Holdings Fund III (CRECH III) after raising $770 million from investors.
2 min read · 24 March 2016
Legal & General Investment Management (LGIM) has financed a £125 million portfolio of UK student housing for two investors via a long-term bond. The £94 million of debt finance backs the acquisition by Arlington Investors and Campus Living Villages of six schemes from Spectrum Housing Group and Sanctuary Housing Association.
2 min read · 24 March 2016
Wells Fargo was again the top originator of commercial/multifamily mortgages in 2015, increasing volume by nearly one-third over the previous year to reach $66.7 billion.
2 min read · 23 March 2016
Singapore’s Ascott Residence Trust (Ascott Reit) has secured a S$119.5 million ($87.4 million) loan for its S$218-million ($158 million) acquisition of the Sheraton Tribeca New York Hotel.
2 min read · 23 March 2016
It was the company’s second retail bond; the first, which is also secured on school buildings, mostly in central London, has traded consistently at a premium to its 5.75% issue price since it listed on ORB in December 2012.
2 min read · 22 March 2016
Mercantil Commercebank has provided a $50 million construction loan on a 108,900 sq ft apartment project in Southern Florida. The bank provided the loan to Fairfield Residential Properties to build 292 apartment units on the vacant lot at NE 7th avenue and 2nd Street in downtown Fort Lauderdale.
1 min read · 22 March 2016
While the survey responses indicate a jump in demand for core assets, interest in “secondary, value-add and alternative opportunities” has declined.
2 min read · 22 March 2016
Over the last two years, the likes of Venn, M3 Capital Partners, Prudential Financial, M&G and Legal & General have been allocating large sums to the build-to-let market.
2 min read · 22 March 2016
Real estate debt manager Venn Partners has launched a new Dutch-focused mortgage lender and is seeking to lend €2 billion to residential buyers by 2018.
2 min read · 22 March 2016
Blackstone has raised $2.05 billion for Blackstone Real Estate Debt Strategies (BREDS) Fund III, according to documents filed with the SEC.
1 min read · 21 March 2016
