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When REC caught up with Hussey last week, he said the forward deal pipeline is likely to include an additional $600 million in Fannie/Freddie originations by the end of August.
Lloyds Bank Commercial Banking has completed its first deal to be subsidised through the £1 billion ‘green’ commercial property lending fund which it launched in March this year.
A club of six international banks has agreed to provide around £500 million of development funding for Brookfield Property Partners’ 100 Bishopsgate tower in a major post-Brexit City of London financing.
Morningstar Credit Ratings has identified $1.44 billion worth of loans that could impact CMBS deals following Ralph Lauren’s recent announcement of 50 upcoming store closures.
Protective Life Insurance Company has provided a $30 million acquisition loan on a 301,711 sq ft Lakeland Plaza shopping center near Atlanta, Georgia. The 10-year loan with a 3.85 percent interest rate went to a subsidiary of Preferred Apartment Communities.
ACORE Capital has provided a $136 million acquisition loan for the purchase of a commercial property located in the Long Island City neighborhood of Queens, New York, Real Estate Capital has learned.
CBRE has secured an $82.5 million Fannie Mae loan on Centennial Holding Company’s acquisition of Camden Summerfield, a 478-unit Class A apartment community in Landover, Maryland, Real Estate Capital has learned.
Morgan Stanley and Citi have provided Senior Housing Properties Trust (SNH) with a $620 million mortgage loan to refinance two Vertex Pharmaceuticals-occupied life-sciences buildings in Boston’s Seaport District.
US Bank has provided a $58.54 million construction loan on the 264-room Omni Hotel at The Battery Atlanta development project near the future stadium of the Atlanta Braves baseball team.
Mesa West Capital and Hudson Pacific Properties have provided Chinese technology company LeEco with with $140 million in financing to buy a plot of land from Yahoo! for the development of its future US headquarters in Silicon Valley, sources confirmed to Real Estate Capital.
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