Deutsche Bank has provided at least $45m in loans to New York-based Madison Realty Capital (MRC) for the acquisition of the Brooklyn Whale Building, former headquarters of the Whale Oil Company, Real Estate Capital has learned.
LaSalle Investment Management has provided around £100m to Brockton Capital for its £137m acquisition of Great Minster North in Victoria, London. The whole loan reflects a loan-to-value of just over 70%. LaSalle is planning to syndicate the facility.
JP Morgan Chase Bank has provided $105m in first mortgage loans to refinance and take out the previous securitized debt on two Manhattan office properties. A $68m loan to New York-based ABS Partners takes out a previous CMBS loan, part of JPMCC 2005-CIBC13, that refinanced 270 Madison Avenue in September 2005. A $37m loan to Newmark and […]
About $200m worth of multifamily, small balance loans (SBL) originated by Greystone are slated to be bundled together and securitized as Freddie Mac SB Certificates in October, Real Estate Capital has learned.
European Commission (EC) plans to unify Europe’s capital markets have been criticised for potentially harming the commercial real estate (CRE) securitisation market.
The EC will publish its Capital Markets Union (CMU) plan in the autumn which will outline its proposals to bind Europe's capital markets closer together.
In one of its top deals since purchasing a billion-dollar Deutsche Bank loan portfolio earlier this year, TPG Real Estate has provided $112.8m in acquisition financing for a residential development project in Midtown Manhattan, Real Estate Capital has learned.
Goldman Sachs has restructured its €182.25m REITALY CMBS and is reassessing its price guidance as it relaunches the transaction.
The deal is the securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets.
Blackstone has provided a $365m bridge loan to Westbrook Partners for the purchase and redevelopment of the sprawling St. John’s Terminal building at 550 Washington Street on Manhattan’s far west side, Real Estate Capital has learned.
Fears of a Chinese economic ‘meltdown’ have quickly found their way into the US commercial real estate markets as the industry grapples with the potential decline of one of the top investors in US property.
Los Angeles-based Mesa West Capital and Boston-based AEW Capital Management provided $145m in loans to JBG Companies for the refinancing of a two-hotel portfolio in Arlington, Virginia. Mesa West provided a three-year, non-recourse, floating rate, interest-only loan with extension options, carrying a loan-to-value ratio of about 75 percent. AEW originated the mezzanine piece. The properties have performed well “despite being delivered […]