Featured

Lloyds Bank Commercial Banking, Wells Fargo and PGIM Real Estate have teamed up for a £169 million financing of the student accommodation arm of a Manchester-based property developer.

The 10-year loan with a fixed interest rate of 4.25 percent went to Chesapeake Lodging Trust, which expects to use the financing to repay outstanding borrowings.

UK real estate finance market players have reacted to the country’s historic vote to leave the EU with a mixture of shock and bewilderment, but also resolve. Outwardly, many in the overwhelmingly pro-EU industry have expressed a ‘keep calm and carry on’ message in the face of the inevitable economic uncertainty which has gripped the […]

UK financial markets were in shock this morning after the UK’s 52 to 48 percent vote in favour of leaving the European Union. A markets rally in the immediate run-up to the vote was reversed, with the FTSE and sterling falling sharply, and swap and gilt rates down.

Fortress Investment Group has provided a $52.7 million financing on the 250-room Sheraton Fort Lauderdale Airport in Dania Beach, just north of Miami, Florida. The loan went to Cohen Brothers Realty Corporation which purchased the property in May 2014 for $34.3 million, county records show.

Loan servicing and advisory firm Solutus has hired Gareck Wilson (pictured) from Brookland Partners as its new head of business development.

The 10-year loan went to Cornerstone Real Estate Advisers who purchased the property from Invesco Advisers for $90.8 million, bringing the loan-to-value to 50.2 percent, city property records show.

Santander Corporate and Commercial Banking has provided a £27 million revolving credit facility (RCF) to real estate investor Picton.

The owners of the InterContinental New York Times Square have exercised the first of four one-year extension options on a $188 million conduit loan. The borrower is likely buying time to find suitable refinancing, Sean Barrie, a research analyst at Trepp, told Real Estate Capital.  “The financials on this deal are exemplary,” he said. “This doesn’t look like the borrower […]

German student housing specialist Deutsche Real Estate Funds (DREF) has raised €63.5 million through the private placement of a euro bond. The bonds have been placed with large German institutional investors, the firm said.