Deutsche Bank has provided Metro Loft Developers with $115m in financing for a condo conversion project at 443 Greenwich Street in Manhattan’s TriBeCa neighborhood. The loan – split between a $109.4m building loan and $5.6m project loan – will partially pay down $105m in debt that UBS Real Estate Securities provided on the project in January […]
2 min read · 22 October 2014
RBS and Allied Irish back listed firm
2 min read · 22 October 2014
Deal is Helaba’s second in Paris in quick succession
2 min read · 22 October 2014
Greystone announced that it will sell loans under Freddie Mac’s new Small Balance Loan (SBL) offering, which the government-sponsored enterprise (GSE) is calling a “game changer” for the small loan market. The new platform offers fixed-rate and hybrid adjustable-rate mortgage loans ranging from $1m to $5m on multifamily acquisitions or refinancings. “This designation enables Greystone […]
2 min read · 21 October 2014
New share issue will help company fund European growth
2 min read · 21 October 2014
Capital One Bank has provided Toronto-based RioCan REIT with a $60.5m loan for the refinancing of Alamo Ranch, a 465,000 sq ft shopping center in San Antonio, Texas. The five-year, interest only, non-recourse loan is fixed through a hedge at 3.45%, according to CBRE Capital Markets’ Debt & Structured Finance team, which arranged the deal. The new […]
1 min read · 20 October 2014
Brookfield Asset Management has provided a $158m loan to The Koll Company for the refinancing of the Airport Business Center, an office industrial park in Irvine, California. The five-year, fixed-rate, interest-only loan carries an interest rate in the low 5% range, according to CBRE’s Capital Markets Debt & Structured Finance team, which arranged the deal. […]
1 min read · 17 October 2014
Legal & General has agreed a £260m refinancing of the F&C Commercial Property Trust. The 10-year fixed rate loan will see the listed trust repay £230m of secured bonds, which paid 5.23% per annum interest and which mature on 30 June 2015. A separate £30m bank loan which matures on the same day will also […]
3 min read · 16 October 2014
The developers of the newly-crowned tallest residential tower in the western hemisphere at 432 Park Avenue have drawn an additional $50m in financing from an affiliate of The Children’s Investment Fund. Harry Macklowe of Macklowe Properties and Los Angeles-based CIM Group have now called upon $160m of the total $400m that Talos Capital Limited agreed […]
2 min read · 15 October 2014
Situs has appointed investment bank Raymond James to find a buyer for the business. The loan servicing, real estate advisory and asset management firm is aiming to find a suitor by the year-end. The business is currently owned by Ranieri Partners, Brookfield Investment Management, the South Carolina Pension Fund and members of the Situs management […]
1 min read · 14 October 2014
