Düsseldorf-based Caerus Debt Investments has deployed half of a €200m real estate debt mandate from German insurance company Volkswohl Bund.
Harworth Estates has secured a new £65m facility with Royal Bank of Scotland that it said “has been undertaken on more appropriate commercial terms for a successful property business” than its existing debt with Lloyds and Barclays.
Investec Structured Property Finance has provided £17m of debt to Galliard Homes for its redevelopment of Cygnet Street Car Park in Shoreditch.
Real Estate Capital has announced the winners of its inaugural annual awards, recognising the best deals and the top lenders and borrowers active in real estate finance in Europe and the US.
The UK Commercial Property Trust is close to agreeing a new £120m loan from MassMutual-owned Cornerstone.
Lone Star has secured debt financing for its £680m purchase of the Jurys Inn hotel chain, Real Estate Capital can reveal.
PM Realty Group and National Real Estate Advisors have secured a $79m construction loan for the development of The Confluence, a 34-story luxury residential tower that is set to become Denver, Colorado’s tallest.
The four-year loan carries a 65 percent loan-to-cost. Rob Rizzi from HFF, which arranged the financing, said his team negotiated a “longer initial term with extension, providing more of a mini perm option without sacrificing the very low floating-rate or any other terms.”
San Diego-based healthcare developer Pacific Medical Buildings secured a $41m construction-to-permanent loan for the development of The Hoag Health Center in Irvine, California, which is reflective of a booming health care industry buoyed by new construction and aggressive lending.
The 12-year, fixed-rate loan on the Hoag center, provided by an undisclosed correspondent life insurance company, is interest-only during the two-year construction period.
Telford Homes has signed a new £180m corporate loan facility with a quartet of banks.
Leading data firms are noting significant drops in delinquency rates that have created historic lows among top investors groups, including those serving the CMBS and multifamily loan markets.
CMBS delinquency rates (30+ days) fell to 5.58% in February, down eight basis points month-over-month and 120 basis points from the year-ago level, Trepp said today in a new report.