A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.
1 min read · 14 August 2024
The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.
2 min read · 05 August 2024
The financing on the portfolio will be used to refinance existing debt.
3 min read · 05 August 2024
Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.
3 min read · 04 July 2024
The sponsors passed another milestone after acquiring the landmark hotel in a record transaction.
4 min read · 26 June 2024
The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.
3 min read · 25 June 2024
The manager previously secured an extension to another loan for its Sponda platform in Finland.
2 min read · 24 June 2024
The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.
3 min read · 21 June 2024
Robert Neighoff, a portfolio manager at Mariner Investment Group, is tracking opportunity in new issue conduit and SASB paper.
3 min read · 13 June 2024
