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
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
