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London residential specialist Mount Anvil has sourced £70 million of debt for its next development scheme in the capital with Royal Bank of Scotland.
RBS is providing the loan for Hampstead Manor, the former King’s College London student residence at Kidderpore Avenue in Hampstead which Mount Anvil bought last year.
ING Real Estate Finance, Credit Agricole CIB (CACIB) and UBI Banca have provided €100 million to refinance a designer outlet mall in Rome which they had originally financed in 2010.
A panelist at the CREFC conference in Manhattan this week noted that he had recently visited a retail store to get a feel for a certain cooking pan, only to order it on Amazon.com on his way out the door.
The Investment Property Forum has commissioned a trio of UK researchers to investigate how the sources of debt for real estate have changed since the onset of the global financial crisis in the UK and overseas.
The two banks, which previously financed the 14-storey Defense Plaza in 2011, undertook the latest refinancing on behalf of the building’s owners, Northwood Investors and Beacon Capital Partners.
ING Real Estate Finance has provided a €46.7 million loan to TH Real Estate to refinance a recently-purchased retail park in the Italian city of Bologna.
After a dismal -- if not abysmal -- first quarter, where CMBS all but ground to a halt, the industry has some momentum as spreads have tightened and deal flow begins to pick up, delegates heard at the kickoff of the CRE Finance Council’s annual conference today in Manhattan.
HSBC’s UK head of real estate finance, Shripal Shah, is joining JC Rathbone Associates to help beef up the firm’s real estate debt advisory business.
Ireland’s National Asset Management Agency (NAMA) has selected Oaktree Capital Management to buy two portfolios of non-performing real estate loans with a combined face value of €4.7 billion ($5.3 billion).
The credit quality of the conduit CMBS deals rated by Kroll Bond Ratings Agency (KBRA) so far this year has been superior to that of non-KBRA deals, according to new report from the ratings agency.