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.
Industry veterans Gary Wool, Martin Siegel and Matt Lebenson have launched Wool Finance Partners, a commercial mortgage company that will place small- to mid-sized loans by building on their previous relationships as mortgage bankers. The firm will place loans between $5m-$50m and will look to hire up to five employees in the next six months. “We think it is an […]
Replacing the special servicer on the DECO 15 - Pan Europe 6 CMBS will require the approval of all noteholders by extraordinary resolution, the High Court in the UK has ruled. The decision is a serious setback to Cheyne Capital Management’s attempts to have the special servicer, Hatfield Philips, removed and replaced with Solutus Advisors.
Northwestern Mutual has provided Rockwood Capital with a $40m loan for the refinancing of The Gantry, a residential rental building in San Francisco, California, Real Estate Capital has learned.
pbb Deutsche Pfandbriefbank, which successfully floated last month, increased new real estate lending by 40% to €5.2bn for the first half of 2015, compared to €3.7bn for the same period last year. Almost half of the new lending, 45%, was originated in Germany, followed by the Nordic countries on 19% and the UK on 14%.