Aareal Bank is targeting €7 billion - €8 billion of new lending business in 2016 after originating €9.6 billion in 2015, and also plans to step up loan distribution.
The €9.6 billion lent last year is down on 2014‘s €10.7 billion, but it was substantially ahead of the bank’s target forecast of €6 billion - €7 billion.
Property investor and developer Derwent London has raised more than £100 million of new finance through a US private placement with three institutional investors.
The average loan interest rate ranged from 6 percent to a little over 4 percent, and the average loan maturity was 18 years, Richard Bassuk, chairman and CEO of advisory firm Greystone Bassuk Group, told Real Estate Capital.
White Tower, one of the highest-profile European securitisations to default after the financial crisis, is heading towards court, Real Estate Capital has learned.
Bank of America Merrill Lynch (BAML) has launched the first European CMBS of 2016, with the securitisation of a loan written to Blackstone last July to finance a German retail portfolio.
Fears associated with a maturing cycle, overbuilding and global instability are leading some experts to ask just when hotels will stumble following years of record growth.
Triangle Equities has secured up to $140 million in financing for the first phase of the $200 million Lighthouse Point project on the St. George waterfront of Staten Island, New York.
Mesa West Capital has provided a $40.8 million first mortgage on a 1 million sq ft mixed-use campus outside of Boston, Massachusetts.
New York City's largest office landlord has closed at least $296 million in loans on three Manhattan properties.
Brad Shain, managing director with the lender’s real estate strategy group, calls it the firm's "largest and most exciting” deal to date.