Nashville-based Giarratana Development has secured $75.9m in loans for the construction of the SoBro luxury rental apartment tower in downtown Nashville, Tennessee. Chicago-based BMO Harris Bank provided a $58m senior construction loan, while New York-based NorthStar Realty Finance – through its lending entity QARTH Holdings NT-II – provided a $17.9m mezzanine loan on the $90.8m project. […]
2 min read · 24 July 2014
Apollo Commercial Real Estate Finance (ARI), the listed US debt investor, has completed $143.6m in new investments. The REIT, which is managed by Apollo Global Management, has made a $50.2m CMBS acquisition and two loans totaling $93.4m – one of which was secured by a Times Square hotel in New York City. Ari acquired a $28.3m […]
2 min read · 26 June 2014
Bayside Capital has emerged as the mezzanine provider behind the refinancing of one of Spain’s largest shopping and leisure centres. The opportunistic investor issued a mezz loan of around €20m for the refinancing of Madrid’s Islazul shopping centre. Bayside’s position sits between 50% and 70% LTV in the overall capital stack. Owners Ivanhoe Cambridge […]
1 min read · 19 June 2014
DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles European mezzanine lender DRC Capital has begun investing its successor fund after raising more than £100m of capital. The firm, founded by Dale Lattanzio, Cyrus Korat and Rob Clayton, is targeting £400m this […]
2 min read · 22 July 2013
