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Pillar announced today that Arthur Tuverson, managing director of Pillar’s MHC/RV Resort Group in San Clemente, California has originated more than $40 million in Fannie Mae loans and Freddie Mac loans.
CPPIB Credit Investments will acquire €150 million of the bond, while Cairn Capital will purchase the remaining €30 million and manage all funds. The bond is secured by prime real estate assets in Bucharest, Romania.
Barclays has been appointed by the developer of the high-profile residential ‘Versace Tower’ in London to source over £200 million (€261 million; $292 million) of senior debt finance.
The developer filed city applications to build a nine-story, 169-unit mixed-use building measuring roughly 112,300 sq ft at the vacant lot at 11-55 49th Avenue, in Long Island City.
Apollo Commercial Real Estate Finance (ARI) has closed two commercial real estate loans in New York City totaling $95.5 million and has increased its borrowing capacity through JPMorgan Chase Bank to $800 million.
HSBC has confirmed it has syndicated a large part of the circa €800 million Potsdamer Platz loan it underwrote for Brookfield, to a group of banks and an insurance company.
Bank of the Ozarks has provided $61.01 million in financing on a hotel development project in the Financial District in Manhattan.
Wells Fargo has led a syndicate including four other banks on a five-year, $250m senior loan to refinance the AAA four-diamond Hyatt Regency Hotel in New Orleans, Real Estate Capital has learned.
The Fort Amsterdam Capital platform has already done a few deals this year, Schwartz told Real Estate Capital. In general, the deals have been in the New York area and with new-comers to the market or those who have difficulty securing financing otherwise.
AEW Europe and Natixis Asset Management have held a €162 million first close of their second joint European real estate debt fund.
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