Blackstone Real Estate Debt Strategies (BREDS) has provided $285 million in financing for the acquisition of RiverTower at Sutton Place, a residential tower at 420 East 54th Street in Manhattan.
Quantum Capital has arranged $22 million in long-term, non-recourse debt to refinance regional shopping centers in Frisco and San Angelo, Texas.
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.
ING and JP Morgan have been ranked as the most active banks in the syndicated European real estate loan market during 2015 by financial information provider Dealogic.
Fitch Ratings has downgraded the long-term corporate credit rating of China's largest commercial property company, Dalian Wanda Commercial Properties.
The US CMBS multifamily delinquency rate is now the best performer among the major asset classes thanks to the pay off of the $3 billion Stuyvesant Town-Peter Cooper Village loan.
The New York State Teachers Retirement System (NYSTRS) has reportedly struck a deal for its first real estate debt mandate with Blackstone through a $500m (€460m) separate account that will target the US and UK.
European credit asset manager Chenavari Investment Managers has provided a €50 million revolving credit facility to Luxembourg-based student housing investor Deutsche Real Estate Funds (DREF).
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.
ING Real Estate Finance (REF) had a post-crisis record year of lending in 2015 with a total of €9.5 billion of new debt provided during the period.