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.
Wells Fargo and pbb Deutsche Pfandbriefbank have provided a total of £123m in two deals backing Clearbell Capital's purchases of retail, industrial and office assets. The loans priced at 200bps and 210bps over three-month LIBOR, respectively.
CMBS spreads widened to record highs last week when two new conduits priced at levels not seen since 2013.
M&G Investments has provided a £140m, five-year refinancing facility to Cosgrave Property Group for The Liberty Shopping Centre in Romford, Essex. M&G is also providing an extra £13m for the partial redevelopment of the centre.
Investors Bank has provided developer SilkLofts with a $22m loan to refinance a former factory-turned-luxury loft building in Bayonne, New Jersey, Real Estate Capital has learned.