Brad Shain, managing director with the lender’s real estate strategy group, calls it the firm's "largest and most exciting” deal to date.
One of New York City’s top real estate magnates sees a rosy future for the city’s real estate financing despite signs of global instability and tightening credit.
Children’s Investment Fund (TCI) has provided a $265 million construction loan to hotel magnate Ian Schrager and three other companies on a 12-story condominium in Manhattan overlooking the Hudson River.
Fitch Ratings is voicing concern over new CMBS lending pools that have non-investment grade (IG) exchangeable classes, something the agency hasn't seen since the financial crisis.
Citizens Bank provided a $51.3 million construction loan on Park Square West Phase IV Apartments, a high-rise development in Stamford, Connecticut.
Defeasance activity for US CMBS remained strong last quarter, though changing interest rates or liquidity could derail this two-year trend, Fitch Ratings said in a new report.
Retail Properties of America (RPAI) sold a long-struggling retail, residential and office center in Salt Lake City and closed the real estate investment trust’s existing $94 million mortgage on the property.
Florida Community Bank (FCB) provided a $37.8 million construction loan on a multifamily project in West Miami, according to Miami-Dade county property records.
Fannie Mae has provided a combined $97.5 million for two refinancing loans on garden-style apartment properties in Monterey and Orange Counties in California.
Prudential Mortgage Capital Company originated $14.6 billion in loans last year and has another $15 billion lined up for 2016.