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.
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $150m Fannie Mae loan to refinance The Markham Apartments, an 80-building, 504-unit residential community in downtown Cupertino, California, Real Estate Capital has learned.
John Hancock Financial has provided a $100m first mortgage loan to Saudi Arabia-based Enpro International for the refinancing the Four Seasons Hotel Boston, according to reports. The loan takes out an $80m securitized loan (JPMCC 2005-LDP3) the developers received in 2005. The hotel covers the bottom eight floors of the 16-story building, while the rest […]
The US CMBS delinquency rate increased three basis points (bps) in August, negating July’s rate improvement, according to data and research firm Trepp.
Clydesdale Bank has provided a £40m revolving credit facility to Stonewater housing association to build more affordable homes.
The loan, an extension of an existing Clydesdale loan with Jephson housing which merged with Raglan at the beginning of the year to form Stonewater, will help deliver 7000 new homes over 10 years.
Cornerstone Real Estate Advisers Europe has appointed Rachel Arden-Davis as its finance and operations director for pan-European funds.
Arden-Davis joins from AXA Real Estate, where she has spent 10 years rising to become senior fund controller. Prior to that, the chartered accountant spent eight years with PricewaterhouseCoopers, both in Frankfurt and London, where she managed transactions for private equity and corporate clients.
Barclays, Royal Bank of Scotland and JP Morgan are planning to provide a £550m refinancing and acquisition facility to the newly proposed £960m Park Resorts Group, which will become the largest holiday park operator in the UK.
Park Resorts is to be formed by a merger of Electra Private Equity’s existing portfolio of UK leisure assets, which include the Hertfordshire-based Park Resorts and South Lakeland Parks, with Alchemy Partners’ Newcastle-based holiday operator, Parkdean.
Todd Schuster, 54, has resigned as president and CEO of Chicago-based ARES Commercial Real Estate Corporation (ACRE).
New York Life Investment Management reportedly led a group of lenders to provide $507m in first mortgage financing for the refinancing of the 40-story 11 Times Square building, a 1.1m sq ft office and retail tower in Midtown Manhattan.
Citigroup Global Markets has led a consortium of financial institutions in the $558.6m purchase of Series 2015 Bonds issued by the Dormitory Authority of The State of New York (DASNY) for renovations and upgrades to Manhattan’s Icahn School of Medicine at Mount Sinai.