Apollo Commercial Real Estate Finance (ARI) has provided a $130 million junior mezzanine loan to an undisclosed borrower on a 155-property US healthcare portfolio, bring the firm’s total financing on the portfolio to $1.05 billion.
A consortium comprising Deutsche Bank, Bank of China and Singapore’s United Overseas Bank has provided development finance to support the £600 million redevelopment of 60 Curzon Street in London’s Mayfair area.
Apollo’s commercial and residential REITs announced the signing of a merger agreement today, sending their stock prices drifting in opposite directions and prompting a New York law firm to follow up with a statement announcing an ‘investigation’ into the agreement.
Cerberus Capital Management has won NAMA’s €6.25bn Project Arrow portfolio of real estate loans for around €800m. The US investor saw off Apollo Global Management for the portfolio, which NAMA, Ireland’s bad bank, acquired in 2010 and 2011.
Apollo Global Management’s mid-cap lending business has bought a $3.6bn portfolio of corporate and real estate loans from Mubadala GE Capital (MGEC).
MidCap Financial, which provides debt to businesses across all industries and currently manages around $3.3bn, said it expected the deal to close in Q4 2015.
Goldman Sachs has priced its restructured €182.25m REITALY CMBS at a blended coupon of 317.4bps.
The deal, a securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets, was relaunched last week after being delayed in June.