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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.
China’s Ping An Bank has provided the initial £100 million of a £500 million development finance package which will fund a luxury residential-led scheme in the Nine Elms area of London.
Bank of New York Mellon (BNY Mellon) has provided a $120 million financing on a Beaux-Arts style retail building near Astor Place in Lower Manhattan.
The financing includes a $46 million fixed-rate construction loan from East Boston Savings Bank and $12.7 million in subordinate debt from Canyon Partners Real Estate, according to HFF, which arranged the deal.
CBRE Capital Advisors has expanded its debt and structured finance team with the hiring of a head of transaction management. Vishnu Reddy has joined the firm from the corporate and investment banking division of BNP Paribas.
The Office of the Comptroller of the Currency has issued a warning about emerging risks in US commercial real estate lending, cautioning that loosening underwriting standards are increasing credit risk.
AXA Equitable Life Insurance Company has provided a $295 million refinancing package for Jake Resnick & Sons’ One Seaport Plaza in Lower Manhattan.
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