CMBS

Exclusive: King Street JV close to finalizing $500m Bryant Park refinancing for Savanna

The financing replaces a $463m maturing commercial mortgage-backed securities loan that matured in June.

CMBS loan extensions are available, but the costs are rising

Rudin Management Company’s deal to extend a $425m loan on a New York office and Triple Five Group’s $1.39bn CMBS Minnesota mall extension come via agreements to complete substantial capital improvements.

CMBS can illuminate dark spots hidden beneath the veneer of retail’s renaissance

Class A bond holders in New York’s Palisades Center have taken a 30% loss in a rare case in the CMBS SASB market.

CMBS lessons have been learned

The CMBS market made significant changes after the global financial crisis. The impact has meant a more stable market.

SL Green, PGIM complete $1.4bn refinancing for 11 Madison

The partners tapped the CMBS SASB market to refinance maturing debt.

Mid-year data shows subdued construction lending persists 

Construction lending has been making up about 15% of all new loans this year, according to alternative lenders who spoke with PERE Credit.

SL Green lines up $500m in new commitments for opportunistic debt fund

New York’s largest landlord has surpassed its targeted $1bn fundraising goal for the vehicle.