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
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
