News & Analysis

Capital One and TD Bank jointly arranged a 10-year, $150m syndicated loan for New York-based Newmark Holdings to refinance a 16-story office building in the Manhattan’s TriBeCa neighborhood, Real Estate Capital has learned. Capital One originated at least $52m of the loan, which takes out a previous $101m refinancing facility that the two banks provided in […]
Scottish Widows has made its first foray into direct real estate lending with a £20m, 10-year term loan at 3.94% to Custodian REIT. The deal is believed to be the insurer’s first since it launched a debt platform in April with its parent, Lloyds Bank, to target the fixed-rate, long-term lending market in the UK.
QIC, one of Australia's largest institutional investment managers, has acquired The Shops at Tanforan in San Bruno, California for $174.4m, about 80% of which is assumed debt.
HSBC, Lloyds Bank and French bank Natixis have participated in a £255m revolving securitisation programme backed by Jerrold Holdings’ portfolio of commercial property lending companies. The programme, named Lakeside Asset Backed Securitisation 1, will run until August 2018 and the funds will be used to back Manchester-based Jerrold’s commercial and residential property lending activities.
Jones Lang LaSalle has arranged $90m in financing backing four residential rental properties in New York City.
UK banks are expected to sell up to £35bn of property debt this year, more than double 2014's £14bn. The predicted figure should see the UK top this year's European transactions table for real estate debt, expected to total around €120bn, according to PwC's latest portfolio sales market update.
Los Angeles-based Mesa West Capital has provided a $130m first mortgage loan to New York-based Vanbarton Group, an affiliate of Emmes Group of Companies, to refinance 1 Columbia Place, a 556,000 sq ft office property in downtown San Diego, California. The five-year, floating rate, non-recourse loan was provided out of the firm’s Mesa West Core […]
Starwood Property Trust has provided a $157m loan to Brookwood Financial Partners for the acquisition of a 29-building office portfolio in the suburbs of Philadelphia, Pennsylvania, Real Estate Capital has learned.
Wells Fargo has provided a $140m loan to Invesco Real Estate (IRE) for the acquisition from SL Green of an 80% stake in a mixed-use building in the SoHo neighborhood of Manhattan.
New York-based Eastern Consolidated has arranged loans totaling about $23m to refinance four multi-family properties in Manhattan, Real Estate Capital has learned.
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