Bank of America has refinanced American Greetings Corporation One American Boulevard in Crocker Park in Westlake, Ohio, a suburb of Cleveland, according to data from Real Capital Analytics.
Bank of America Merrill Lynch
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Bank of America has provided an $89.3 million financing to an affiliate of Teresa Viola, wife of billionaire investor Vincent Viola, on a 152,000 sq ft multifamily property overlooking the Hudson River at the edge of Brooklyn Heights.
Bank of America has provided a $42.6 million acquisition loan on the 238,205 sq ft office building in the Los Angeles area.
InterContinental New York ownership could seek refinancing
Bank of America has led the $123 million financing of Rubenstein Partners and Vision Real Estate Partners’ $136 million acquisition of the Warren Corporate Center in Warren, New Jersey.
Is European CMBS back from the dead?
Bank of America Merrill Lynch (BAML) has launched the first European CMBS of 2016, with the securitisation of a loan written to Blackstone last July to finance a German retail portfolio.
Bank of America has provided a $39 million loan to a joint venture between Urban Renaissance Group (URG) and Iron Point Partners for the acquisition of the SeaTac Office Center in the SeaTac, Washington.
Bank of America has provided the financing behind Rockwood Capital’s $120 million acquisition of the South Coast Collection (SOCO), a Costa Mesa, California shopping destination, Real Estate Capital has learned.