Santander is prepared to lend up to €600m or 100% of the construction cost of Lone Star and Vilamoura World's €1bn leisure joint venture in Portugal.
The Spanish bank will provide development facilities on a project-by-project basis as the 1,700-hectare Vilamoura scheme in Portugal's Algarve region is built out in phases over the next five years.
Allianz Real Estate of America has provided an $89.2 loan to the recent new owners of a renovated condo building in the Midtown South submarket of Manhattan.
Bank of America has provided $200m in financing for a development project in Manhattan’s Tribeca neighborhood where related companies plans to build a 152,000 sq ft condominium building. Last year Related paid $115m to the New York-based Ponte Family for a six-parcel development site at 264, 266, 268 and 270 West Street, 33 and 35 Desbrosses Street, […]
An affiliate of CPPIB Credit Investments, a wholly owned subsidiary of Canada Pension Plan Investment Board, has provided a $526m construction-to-permanent loan for the 1.5 million-square-foot expansion of the Bellevue Collection known as Lincoln Square Expansion in Bellevue, Washington.
Aviva Investors is expanding its real estate debt offering onto the Continent with a mandate from Aviva France and a new appointment to lead the business, Real Estate Capital can reveal.
Romain Linot, who comes from a senior fund manager's role at AXA commercial real estate, will head the new debt team from Paris and begins this week.
KeyBank has provided a $44.5m first mortgage loan to Atlanta-based Preferred Apartment Communities (PAC), a public real estate investment trust, for the purchase of the CitiLakes Lux multi-family apartment community in Orlando, Florida.
Värde Partners has acquired a majority stake in Trimont Real Estate Advisors, aiming to capitalize on increasing demand for financial services tied to increases in new construction and development. Värde will integrate Atlanta-based Trimont with the operations of First City Financial Corporation, a commercial finance company that certain Värde funds purchased in May of 2013, in […]
Jones Lang LaSalle (JLL) has acquired Swedish firm AGL in another move to expand its debt advisory business across Europe.
The deal, which is subject to approval by the Swedish Financial Supervisory Authority, will add further financial and debt advisory services to JLL's existing real estate capital markets business.
New York-based Signature Bank has provided a $54m loan for the acquisition of the Riverview Apartments at 1600 Sedgwick Avenue in the Morris Heights neighborhood of the The Bronx, New York City’s northernmost borough. The ten-year permanent loan will bear an interest rate of 3.37 percent for the first five years and then the pricing […]
Industrial and Commercial Bank of China provided a $31m bridge loan to developer AMI Real Estate to refinance the existing debt on Universal Lofts, a 67-unit creative office condo community located in Universal City area of Los Angeles.