Cantor Commercial Real Estate and Citigroup have reportedly provided a $190m loan to Key International for the refinancing of the Eden Roc Miami Beach -- and the addition of a planned 210-room Nobu Hotel.
Secure Trust Bank has launched a £100m fund to help developers convert commercial property into residential units.
The AIM-listed challenger bank said the fund was aimed at boosting the level of conversion development following the government’s £1bn brownfield regeneration fund launched in April.
pbb Deutsche Pfandbriefbank has financed Europa Capital’s €43m purchase of Hadovka Office Park in Prague, Czech Republic.
The German bank provided a senior loan to London-based fund manager Europa, which made the purchase through its Europa Fund IV.
Government of Singapore Investment Corporation (GIC), through its affiliate GIC Real Estate Private Ltd, will invest $150m in the soon to-be listed mortgage REIT, LoanCore Realty Trust, according to company documents.
Legal & General’s property lending business is planning to expand into advising third-party capital, Real Estate Capital reveals.
The three-year-old team, headed by Ashley Goldblatt, currently originates senior loans on behalf of Legal & General’s giant in-house annuity business.
Caerus Debt Investments has raised €395m in additional funds to lend on real estate, taking its total pool to deploy to €815m.
The Düsseldorf-based investment manager has secured an extra €345m for its whole loan fund and an additional €50m for its junior debt and mezzanine fund.
After dropping sharply in May, the June delinquency rate for US commercial real estate loans in CMBS moved in the opposite direction, according to data and research firm Trepp.
Benefit Street Partners (BSP), the credit arm of Providence Equity Partners, is adding senior real estate professionals to its commercial real estate (CRE) platform to ramp up its CMBS origination activity, Real Estate Capital sister publication Private Debt Investor reported.
Cornerstone Real Estate Advisers has provided a $226.6m loan backing 45 Broadway in Downtown Manhattan, part of an unprecedented lending spree from the firm over the last several weeks.
HFF has arranged $127.3m in Fannie Mae and Freddie Mac loans in Denver and North Carolina. Baltimore-based M&T Realty Capital Corporation provided two Fannie Mae loans totaling $77.5m to refinance the existing debt (from the Department of Housing and Urban Development) on residential communities near Denver, Colorado. A $36.94m, 20-year loan with a 3.95 percent fixed rate […]