Following Santander’s rescue of Banco Popular, its JV deal with Blackstone to tackle €30bn of distressed real estate assets could prove a success story for both the bank and the private equity real estate giant.
Europe’s largest private real estate deal will involve a €6.8 billion loan, but Chinese banks are likely to be first in line for the €3 billion that will be syndicated.
Our recent special report on the health of the German real estate lending market laid bare the challenges facing the country’s banks. Driven by their funding model, real estate bankers are under continual pressure to replenish property loans to maintain the pools of assets that back their issuance of Pfandbrief notes; their principle source of […]
Real estate development is not a ‘one-size-fits-all’ business. From choosing a plot of land, to selecting building materials, to financing assets, the options grow the bigger you build.
US regional banks are winning the greatest share of CRE originations as CMBS falters. New York Community Bank is a small fish in a big pond. Specialising in multifamily loans in New York City, the bank can’t compete with the likes of Wells Fargo or JPMorgan on Manhattan’s prime assets, lending instead on small- to […]
It was a relatively small deal but it may have signalled something big. This summer, Pembrook Capital Management stepped in with a $16.6 million loan to support the acquisition of the Mark Twain Hotel in Chicago by NHP Foundation, a New York-based not-for-profit real estate corporation.
With news that One World Trade Center (1 WTC) in downtown Manhattan may be up for sale comes a financing opportunity of massive proportions.
Last Wednesday, 31 August, a JetBlue Airways flight left Fort Lauderdale, Florida and landed at an airport east of Havana, Cuba, marking the first US commercial passenger flight to the Caribbean island nation in over five decades.
CRE sustainability initiatives protect lenders against risk while helping to reduce the environmental impacts of commercial buildings.
Starwood, which is led by Barry Sternlicht (pictured), is said to have been pondering whether to re-brand its real estate loan servicing and advisory businesses, LNR and Hatfield Philips International (HPI), ever since it acquired them in 2013.