Pbb Deutsche Pfandbriefbank has provided a circa £70m loan to Delin Capital Asset Management secured on a portfolio of eight UK logistics facilities. The assets, totaling 1.77m sq ft, and are held in its Delin’s €400m Capital Preservation Portfolio I fund, which was launched in October 2012. The five-year facility will allow the fund to […]
2 min read · 11 August 2014
With the $342.67m American Residential Properties 2014-SFR1 securitisation set to hit the market, the relatively new single-family rental securitisation asset class is keeping pace with early projections for a breakout year. The offering is the seventh securitisation of SFR homes to date after Blackstone spawned the new asset class in November. The current players – Blackstone, Colony […]
3 min read · 08 August 2014
Colony Capital has provided a €40.4m facility to Dolphin Capital Investors, a residential resort developer in emerging market. The Los Angeles-based private equity firm has entered an agreement with Dolphin Capital for a six year facility that has a fixed 11% rate. On top of this, Colony will receive income from its Amanzoe development near […]
1 min read · 08 August 2014
One of the senior figures in real estate workout in Lloyds Banking Group’s business support unit has left the bank to set up his own business, Real Estate Capital can reveal. Andrew Wilson, head of the real estate solutions team, has departed from the UK bank and is understood to be establishing a new business […]
2 min read · 07 August 2014
The £750m proposed agency CMBS to refinance Westfield’s Stratford City shopping centre in London has been pulled amidst uncertainty over ‘skin-in-the-game’ regulations. Westfield, advised by its banking partners Deutsche Bank and Crédit Agricole, had decided not to retain 5% of the notes, the so-called ‘skin-in-the-game’ designed to regulate arranging banks and align their interests with […]
2 min read · 06 August 2014
NorthStar Realty Finance Corp.’s $4bn acquisition of all outstanding shares of Griffin-American Healthcare REIT II will include a reported $3bn of CMBS backing. Citigroup Global Markets, Barclays Bank, JPMorgan Chase Bank and Column Financial (the real estate financing arm of Credit Suisse AG) will provide the CMBS financing. NorthStar announced that it would acquire the Griffin-American […]
2 min read · 06 August 2014
RFR Realty has secured $85m in loans for the $89.7m acquisition – and subsequent improvements to – the Holiday Inn SoHo in Lower Manhattan. AXA Equitable Life Insurance Company and AB Commercial Real Estate Debt (under the care of Alliance Bernstein) provided the loans, city property records show. A $70m senior loan is accompanied by a $9m […]
1 min read · 06 August 2014
Guggenheim Partners is to provide a loan of just under £130m to finance the redevelopment of one of the most important landmarks of the London 2012 Olympic Games.
2 min read · 06 August 2014
Starwood Property Trust has provided a $480m construction loan to real estate developer Jay Paul Company for the construction of the tallest mixed-use tower on the West Coast of the United States. Plans for the property at 181 Fremont Street in San Francisco, California call for a 684,000-square-foot, 55-story class A office and luxury condominium […]
1 min read · 05 August 2014
The Guardian Life Insurance Company of America has provided a $55m loan to Prime Residential for its Paz Mar Reserve waterfront multi-housing community in Oxnard, California. The 10-year fixed-rate loan will be used to retire an existing floating-rate loan and finance a property renovation. Paz Mar Reserve, at 3100 Peninsula Road in Channel Islands Harbor, […]
1 min read · 05 August 2014
