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SL Green has sold off a 40 percent stake in Eleven Madison Avenue to PGIM Real Estate for $480 million -- and the joint venture is seeking to modify the existing mortgage on the property.
German bank Aareal has increased its focus on US real estate lending, with around 40 percent of newly-originated loans so far this year written in the market.
LoanCore Capital has provided a $60 million financing to APF Properties on a 131,358 sq ft mixed-use building near Grand Central Station in Midtown, Manhattan.
Starwood’s listed debt vehicle, Starwood European Real Estate Finance Limited (SEREFL), is to buy a £75 million mezzanine loan secured by a portfolio of UK hotels for £73 million.
SL Green announced that it has reached an agreement on a rezoning lawsuit at One Vanderbilt, “eliminating uncertainty” surrounding the construction of the 58-story commercial tower.
Blackstone has raised $4.5 billion for Blackstone Real Estate Debt Strategies (BREDS) III fund, sources confirmed to Real Estate Capital.
Fortwell Capital, the bridging finance specialist owned by Christian Candy’s CPC Group, has hired Arthur Jennings (pictured) from Qatar National Bank to lead its development finance drive.
German mortgage bank Berlin Hyp wrote €2.9 billion of new lending during the first half of 2016, an increase from the €2.2 billion originated during the same period last year.
Immofinanz, the Austrian property developer, has sourced a €34 million loan from pbb Deutsche Pfandbriefbank to refinance an office building in the Polish capital Warsaw.
Urbanest has secured a £350 million senior loan facility to refinance its five-asset, 2,520-bed central London student accommodation portfolio.