Hodcroft to join $1.5bn KIA-backed debt vehicle
2 min read · 03 November 2014
UK insurer broadens debt horizons
1 min read · 03 November 2014
Bond follows £375m revolving credit facility
2 min read · 03 November 2014
Children’s Investment Fund Management has shelled out another large loan for a Manhattan condo tower – this time a reported $450m construction loan against Zeckendorf Development’s ultra-high-end 520 Park Avenue. The 51-story tower, near the southeast corner of Central Park, will feature 31 condo units, the priciest being a triplex penthouse that set a record when it hit the market last […]
2 min read · 31 October 2014
Barclays and RBS join banking club
2 min read · 31 October 2014
Facility priced at 105 bps above Libor
2 min read · 31 October 2014
Mack Real Estate Group plans to raise more than $750m for a new real estate debt fund it will launch with the help of Peter Sotoloff, a former Blackstone lending executive who made a surprise exit from that firm in June. Managed by Mack Real Estate Credit Strategies (MRECS), a newly-formed company headed by Mack […]
2 min read · 29 October 2014
Goldman Sachs has provided a joint venture with a $123m loan for the acquisition of the Canal Center office park in Alexandria, Virginia. The borrowers, Virginia-based American Real Estate Partners and private equity partner Investcorp, paid $176m for the four office properties, or nearly $327 per sq ft, putting the loan-to-cost at just under 70%. The […]
2 min read · 28 October 2014
Aareal Bank has provided a $97m loan to SL Green Realty Corp. and Jeff Sutton for the refinancing of the retail component at 650 Fifth Avenue. The two-year loan carries a coupon of Libor plus 350 basis points. The joint venture struck an agreement with the US government to acquire the 49-year leasehold interest on the 30,000 sq ft retail […]
1 min read · 28 October 2014
£35.5m loan backed by eight properties
1 min read · 28 October 2014
