The US CMBS delinquency rate dropped another 20 basis points in February after plunging 82 bps in January, according to Trepp.
Speaking on the opening panel of law firm DLA Piper’s 2016 European Real Estate Summit, Richard Bentley – head of UK real estate finance at Helaba – predicted a slowdown but then possible bounce-back in the UK market this year as a result of the referendum on European Union (EU) membership.
UK student accommodation owner and operator Empiric Student Property has opted for a £40 million long-term loan from Canada Life to finance a portfolio of four forward-committed properties.
Real Estate Capital can reveal the winners of its second annual awards, recognising the leading organisations and the stand-out deals in the European and US real estate debt markets during 2015.
The European finance director at private equity firm Ares, Mike Pashley, and Ali Imraan from RBS’s ABS team, have joined LaSalle’s debt investment business.
The pair will beef up LaSalle’s debt investment and special situations team led by Amy Aznar, which saw several senior staff leave last year.
Berlin Hyp, the German mortgage bank, will be back in London in the next few months, when it opens a UK office as part of its focus on key European lending markets, Real Estate Capital has learned.
ING Real Estate Finance has provided €85 million of fresh debt to Italian property company Forumapulia to refinance a shopping mall near the southern Italian city of Bari.
BGC Partners has entered into an unsecured credit agreement with a group of major bank lenders that provides up to $200 million in revolving loans.
Apollo’s commercial and residential REITs announced the signing of a merger agreement today, sending their stock prices drifting in opposite directions and prompting a New York law firm to follow up with a statement announcing an ‘investigation’ into the agreement.
Landesbank Hessen-Thuringen Girozentrale (Helaba) has provided a $110 million loan to retire the existing debt on Republic Place, a 214,000 sq ft Washington, DC, office property that was tied to a CMBS 1.0 deal.