Capital One and TD Bank jointly arranged a 10-year, $150m syndicated loan for New York-based Newmark Holdings to refinance a 16-story office building in the Manhattan’s TriBeCa neighborhood, Real Estate Capital has learned. Capital One originated at least $52m of the loan, which takes out a previous $101m refinancing facility that the two banks provided in […]
Los Angeles-based Mesa West Capital has provided a $130m first mortgage loan to New York-based Vanbarton Group, an affiliate of Emmes Group of Companies, to refinance 1 Columbia Place, a 556,000 sq ft office property in downtown San Diego, California. The five-year, floating rate, non-recourse loan was provided out of the firm’s Mesa West Core […]
New York-based Eastern Consolidated has arranged loans totaling about $23m to refinance four multi-family properties in Manhattan, Real Estate Capital has learned.
Industry veterans Gary Wool, Martin Siegel and Matt Lebenson have launched Wool Finance Partners, a commercial mortgage company that will place small- to mid-sized loans by building on their previous relationships as mortgage bankers. The firm will place loans between $5m-$50m and will look to hire up to five employees in the next six months. “We think it is an […]
Three new cities representing traditionally smaller markets have jumped into the top five list of CMBS issuers during the first half of this year, knocking mainstay Chicago, Illinois off the list, among others.
Grandbridge Real Estate Capital closed $3.26bn in loan originations during first half of this year compared to $2bn last year, an increase of about 64 percent. Now the firm is aiming to originate as many as 800 loans worth $7bn by the end of this year, and in order to accommodate that growth the firm is looking to […]
The US Department of Treasury (DoT) has issued a request for Information (RFI) on the lending practices of marketplace lenders that could impact up-and-coming online CRE lenders like FundRise, Realty Mogul or Prodigy Network.
Government of Singapore Investment Corporation (GIC), through its affiliate GIC Real Estate Private Ltd, will invest $150m in the soon to-be listed mortgage REIT, LoanCore Realty Trust, according to company documents.