Betsy Vartanian launched Greystone’s Federal Housing Administration (FHA) lending platform 13 years ago from the ground up. The firm has grown to become the #1 FHA lender accredited by the Department of Housing and Urban Development (HUD) the last two years running. Despite that success, Greystone’s CEO, Stephen Rosenberg, recently came to Vartanian with an observation. “Well, […]
3 min read · 28 October 2014
Bank makes progress on reducing unwanted positions
2 min read · 28 October 2014
Bank of the Ozarks has provided a $56.4m construction loan for the development of NorthEdge, a Class A office property in the North Lake Union submarket of Seattle, Washington. The three-year construction loan to Seattle-based developer Touchstone Corporation and partner AIG Global Investment Group funds the construction of a four-story building featuring 208,000 sq ft of […]
1 min read · 27 October 2014
Review highlights shortcomings of Italian banks’ capital and real estate overvaluations.
3 min read · 27 October 2014
Commercial real estate experts are concerned that a new Credit Risk Retention Rule from the Federal Deposit Insurance Corp. and five other federal agencies could weaken the US commercial mortgage-backed securities markets. The rule, born from the 2010 Dodd-Frank Act, compels lenders to hold at least 5% of the debt they package or sell. While two […]
2 min read · 24 October 2014
Debt funds seen as more innovative and quicker in executing
2 min read · 24 October 2014
BankUnited of Tampa has provided a $39.5m loan to IP Capital Partners and Fir Tree Partners for the acquisition of the Sabal Park office portfolio in Tampa, Florida. The five-year, partial interest-only loan carries a 65 percent loan-to-value ratio, according to CBRE Debt & Structured Finance, which arranged the deal. That ratio puts the portfolio’s […]
1 min read · 23 October 2014
Loan partly sold down to five investors
2 min read · 23 October 2014
Deal is PIMCO’s first mezzanine loan in France
1 min read · 23 October 2014
Cain Hoy and banking club win mandates at 1.5m sq ft scheme
3 min read · 23 October 2014
