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Ruchira Roy Chowdhury
Starwood Property Trust has provided Connecticut-based Wheelock Street Capital with $88.6m for the acquisition of Renaissance Las Vegas Hotel in Las Vegas, Nevada, Real Estate Capital has learned.
Of the major property types, large floating rate loans (LLFs) issued between 2005 and 2007 and tied to hotel loans have been the worst hit, accounting for more than half of all losses, according to Fitch Ratings.
HSBC Bank provided $110m in first mortgage loans to New York-based Westbrook Capital for the acquisition of a majority stake in two Washington, DC, office properties. The bank provided $83m for 1325 G Street NW and $27m for the Colorado Building at 1341 G Street NW, located two blocks away from the White House in the heart […]
More residential mortgage REITs are seeking to diversify into commercial real estate lending as they struggle to hit target dividends, according to a report from Kroll Bond Rating Agency.
Eastern Consolidated has arranged a $42m bridge loan for Triple Star Realty's purchase of a waterfront construction site in the Flushing neighborhood of Queens, New York that will be developed into a mixed-use complex.
PNC Financial Services has provided a $93.5m first mortgage loan for the acquisition of the two-building Aventine office and retail complex in San Diego, California. The loan, which carries a loan-to-value ratio of about 62 percent, funds Massachusetts-based Rockpoint Group’s $150m acquisition from Blackstone. The 240,000 sq ft complex is made up of an office […]
HFF has arranged $127.3m in Fannie Mae and Freddie Mac loans in Denver and North Carolina. Baltimore-based M&T Realty Capital Corporation provided two Fannie Mae loans totaling $77.5m to refinance the existing debt (from the Department of Housing and Urban Development) on residential communities near Denver, Colorado. A $36.94m, 20-year loan with a 3.95 percent fixed rate […]
Texas-based loan servicing firm C-III Capital is looking to raise $115m for C-III High Yield Real Estate Debt Fund IV, Real Estate Capital has learned based on a recent regulatory filing. C-III Capital Partners raked up $159m for the previous fund in the series (C-III High Yield Real Estate Debt Fund III L.P), launched in January […]
Jefferies Loancore has originated $114m in loans to a joint venture between New York-based firms Princeton Holdings and The Bluestone Group for the refinancing of three office properties, two in California and one in Texas that are mostly leased to the Government Services Administration
Beech Street Capital has provided $45m to a joint venture between the Commonwealth Group and Emory Hill Companies for the refinancing of Christiana Meadows, an apartment community in Bear, Delaware.
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