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Al Barbarino

Ares Commercial Real Estate Corporation provided a $159 million senior loan commitment collateralized primarily by self-storage properties across a multi-state area, which brought total senior loan commitments for Q3 to approximately $605 million, with $577 million of initial funding.
Mesa West Capital has written $67.7 million in loans across two separate Chicago deals, bringing the lender's total originations into the local market to $750 million.
The US CMBS delinquency rate resumed its upward climb in September, rising 10 basis points following declines in August, according to Trepp’s monthly report.
The Deka Realkredit Klassik debt fund has purchased a senior $25 million tranche of a commercial real estate loan that was used to refinance One New York Plaza in Manhattan earlier this year.
Citizens Bank has provided a $90.6 million loan for the acquisition of a group of senior housing facilities that are part of The New Jewish Home in the New York City borough of The Bronx.
BNY Mellon’s US real estate investment boutique, Amherst Capital Management, has hired Gabriel Boyar as a managing director of its CRE lending originations team.
Barings Real Estate Advisers (formerly Cornerstone Real Estate Advisers) has closed on its purchase of the mortgage banking subsidiary of Ares Commercial Real Estate Corporation, ACRE Capital, for $93 million.
ACORE Capital has shelled out $4bn in loans over the course of the last year, but for its four managing directors who have worked together for decades, this kind of activity is nothing new, reports Al Barbarino.
CRE sustainability initiatives can protect lenders against risk while helping to reduce the environmental impacts of commercial buildings, reports Al Barbarino.
Toys "R" Us is reportedly seeking $600 million to refinance 123 of its stores, primarily through a CMBS offering.

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