BNP Paribas has provided €739.5m of fresh debt to refinance a French residential vehicle and its 7,140 unit portfolio. The finance has been issued to Powerhouse France, which is managed by TwentyTwo Real Estate. TwentyTwo Real Estate is the company set up in 2012 by former Perella Weinberg partner Daniel Rigny.
2 min read · 28 January 2015
ING and LBBW have jointly arranged a £325m loan to refinance Sea Containers House on London’s South Bank, Real Estate Capital can reveal.
2 min read · 28 January 2015
Ivanhoé Cambridge and partner Callahan Capital Properties’ $2.2bn purchase of 1095 Sixth Avenue (3 Bryant Park) in Manhattan earlier this month was the priciest acquisition of a single US office building ever funded with a CMBS deal. The deal was reportedly backed by a $1.3bn fixed-rate, standalone CMBS loan originated by Deutsche Bank.
2 min read · 27 January 2015
Oxford Properties has commenced a search to refinance Watermark Place in the City of London, Real Estate Capital can reveal.
2 min read · 27 January 2015
Bank of America Merill Lynch has issued initial price guidance on its €286.4m CMBS – Taurus 2015-IT.
2 min read · 27 January 2015
Omni Capital, the lender backed by Christian Candy’s CPC Group, has provided an £8.9m loan for the development of a luxury residential scheme in Chiswick, West London. The 15-month loan will be used to convert an office building into 19 flats with an estimated end value of £13.5m. A day-one draw down of £5.6m is available under the terms of the facility
1 min read · 26 January 2015
Barclays has lent Harbert £96m to fund its acquisition of a portfolio of nine offices across the UK. The bank provided a four-year whole loan reflecting a 70% loan-to-value on the £137m purchase price. Barclays acted as sole arranger, lender and agent on the facility. It may sell down a junior portion of the loan.
2 min read · 26 January 2015
Multifamily lender Pillar has added four new hires to its lending platform, including former Freddie Mac executive Edward Hussey, who will head the firm’s multifamily production team. Edward Hussey Edward Hussey Hussey, based out of the firm’s Vienna, Virginia offices, is responsible for multifamily production across all of the firm’s product lines, including Fannie Mae, Freddie Mac, FHA, CMBS and life insurance company financing.
3 min read · 23 January 2015
Colony Capital has appointed a chairman of its international business to be responsible for identifying new investment opportunities outside the US. Philippe Costeletos has joined the Los Angeles-based firm from TPG Capital where he was a partner and head of Europe.
1 min read · 23 January 2015
Münchener Hypothekenbank has financed Amundi Real Estate’s purchase of Square 41 with a €20.7m loan. square_41Advised by investment manager Laxfield Capital, it issued a five-year loan and the LTVs of MHP’s deals are usually between 50% and 60%.
1 min read · 23 January 2015
