Asian investors, thirsty for yield, are looking to real estate debt in Europe and the US, panellists said at the PERE Global Investor Forum in Hong Kong this week. The appetite for debt seems to have significantly increased, writes Anna Devine of Real Estate Capital’s sister publication Private Debt Investor. According to panellist Anthony Biddulph, chief […]
2 min read · 07 November 2014
A pan-European industrial portfolio owned by Starwood Capital and M7 Real Estate is set to seed two future CMBS deals. The investors’ joint venture, MStar, has agreed two new loans, one with Bank of America Merrill Lynch and the other with Deutsche Bank, which are both potential securitisation sales. BAML has won a mandate from […]
3 min read · 06 November 2014
Notes issued at 3.63% and 3.68%
1 min read · 06 November 2014
Cornerstone Advisors, on behalf of subsidiary MassMutual, has provided an affiliate of Chicago-based Metropolis Investment Holdings with a $150m loan to refinance the 345 California Center office tower in San Francisco, California. The 10-year loan carries a 3.5% fixed interest rate. The 48-story, 600,000 sq ft tower is located in San Francisco’s financial district. At […]
1 min read · 05 November 2014
Deal would be one of the largest in UK real estate corporate history
3 min read · 05 November 2014
Orion Capital Managers is to take advantage of the surge of institutional interest and recovery in the debt market in Spain by putting one of the country’s best shopping centres up for sale for €400m, Real Estate Capital can reveal. The price that is being asked for Plenilunio, the 70,000 sq m mall to the east of […]
2 min read · 05 November 2014
Whole loans becoming increasingly prevalent as market becomes more competitive
3 min read · 05 November 2014
PNC Bank has provided a $51m loan to The Richman Group for the development of a 417-unit rental complex set to rise in Sunrise, Florida. The loan refinances a previous $25m loan SunTrust Bank provided when West Palm Beach-based Richman purchased the land from K Group Holdings for $15.4m in May. SunTrust provided an additional […]
1 min read · 05 November 2014
Madison Realty Capital has provided businessman and developer Jeffrey Wu with a $66m loan for the refinancing of a 100,500 sq ft mixed-use commercial property and the commercial components of the Victoria Towers residential condo building in Flushing, Queens. The 18-month bridge loan allows Wu to recapitalize the properties after negotiating a discounted payoff with a […]
2 min read · 04 November 2014
Maryland-based lender Walker & Dunlop has completed the acquisition of Johnson Capital and its loan origination and servicing platform. The acquisition is part of an effort to bulk up its capital markets team in anticipation of the upcoming wave of commercial loan refinancings, which Walker & Dunlop’s chairman and CEO, Willy Walker, expects to grow by more than 70% […]
1 min read · 03 November 2014
