Berkeley Point Capital has provided a $37.7m Freddie Mac loan to Utah-based RealSource for the acquisition and repositioning of the 528-unit, garden-style Antero Apartments in Colorado Springs, Colorado.
Deutsche Bank has provided $115m to Christopher Schlank and Nicholas Bienstock-led Savanna Real Estate Funds for the upcoming 160,000 sq ft, nine-story, office and gallery building at 540 West 26th Street which broke ground last month in New York.
Kroll Bond Rating Agency (KBRA) is flagging a rise in “Credit Bar-Belling” among CMBS loan pools, a practice that uses lower leverage investment grade (IG) loans to compensate for increases in riskier loans.
Allianz Real Estate has made its first foray into Ireland with a €150m participation in a €300m Morgan Stanley acquisition loan to Starwood Property Trust.
The five-year, floating rate loan, with an LTV below 60%, is secured on 11 office buildings and one residential property, all in Dublin.
Bank of America Merrill Lynch has launched a €176.68m securitisation of two loans made to MStar Europe secured on industrial portfolios.
The four-and-a-half year Taurus 2015-3 EU DAC CMBS is secured on over 60 assets in three countries, the Netherlands, France and Germany. It is the third CMBS this year to cover multiple jurisdictions in a continuing evolution of the commercial real estate capital markets.
Hatfield Philips International’s debt advisory team has arranged its first loan facility, on behalf of parent company Starwood Capital.
The HPI team, led by Rupert Gill, arranged a €6.1m facility for an investor’s purchase of a residential and retail property portfolio from NAMA.
pbb Deutsche Pfandbriefbank has provided a €150m, three-year acquisition and development loan to die developer Projektentwicklung to build a 60m office tower in Düsseldorf, Germany.
The loan will finance the purchase of the site in the business area of Kennedydamm and the construction of the 16-storey office building scheduled for completion at the end of 2017.
The CRE Finance Council (CREFC) announced the launch of the CREFC Women’s Network, aimed at enhancing the visibility, profile, and advancement of women in the commercial real estate finance industry and CREFC programming.
Goldman Sachs has priced its restructured €182.25m REITALY CMBS at a blended coupon of 317.4bps.
The deal, a securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets, was relaunched last week after being delayed in June.
Nordea Bank is funding Partners Group's purchase of a mixed-use portfolio valued at SEK 3.2bn (€336m) from Sveafastigheter.
The Nordic bank, based in Sweden, has provided senior financing for the deal which will see 32 assets in Sweden, Finland and Estonia change hands.