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PNC Bank has provided a $24 million, 10-year, fixed-rate loan to Rockrose Development Corporation for the refinancing of 1140 19th Street in Washington, DC.
Sonnenblick-Eichner Company has arranged a $75 million loan to refinance Cavallo Point-The Lodge at the Golden in Sausalito, California, Real Estate Capital has learned.
Northwestern Mutual Life Insurance Company (NML) has provided a construction-to-permanent loan in excess of $85 million the development of 365 Nicollet Residences, a 30-story, 369-unit apartment tower in downtown Minneapolis.
John Hancock Financial has provided $100 million in financing for a nine-property, 1.2 million sq ft office and industrial portfolio in Florida, Georgia, Michigan, Pennsylvania, South Carolina, Tennessee and Texas.
With news that One World Trade Center (1 WTC) in downtown Manhattan may be up for sale comes a financing opportunity of massive proportions.
CBRE Capital Markets’ Business Lending team has secured 250 loans totaling $615 million through the Freddie Mac Small Balance Loan (SBL) program, Real Estate Capital has learned.
Natixis Real Estate Capital has provided a $132 million CMBS loan to Rentar Development Corporation for the refinance of Rentar Plaza in the Middle Village neighborhood of Queens, New York.
Deutsche Bank provided a $62.5 million loan to Menlo Equities to refinance Irvine Crossings, a 395,673 sq ft, single-story datacenter and technology property in Irvine, California.
Thorofare Capital has provided nearly $135 million in short-term first mortgage debt in the past 60 days, including a $38.5 million loan to revamp a creative commercial complex in Seattle, Washington, Real Estate Capital has learned.
Flooding that devastated south Louisiana has put more than $1 billion in CMBS at elevated risk, according to Morningstar.
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