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Soho Properties announced it has secured $219 million in construction financing for the development of a 43-floor, 665-foot condominium tower at 45 Park Place in the Tribeca neighborhood of Manhattan.

The Commercial Real Estate Finance Council (CREFC) will urge regulators on the Senate Banking Subcommittee this morning to pass the Preserving Access to CRE Capital Act of 2016, also known as H.R. 4620.

The Office of the Comptroller of the Currency (OCC) will reportedly be focusing more attention on the flows of money from large national bank lenders, which it oversees, to their non-bank counterparts.

Starwood Capital has arranged a £158.1 million refinancing of the agency CMBS deal which Varde Partners issued last December to refinance a UK property portfolio.

MaxCap Group, the Australian commercial real estate (CRE) debt investment manager, has made two new hires after raising A$310 million (£157 million) in 17 deals since the beginning of the year - triple the amount raised in the same period last year.

Pillar has originated a $32.5 million HUD 232 loan to National Healthplex for the conversion and rehabilitation of the The Regency at Glen Cove, an assisted living and memory care facility in Glen Cove, New York on Long Island.

Related Companies and its partners have secured an $88 million construction loan from Deutsche Bank AG for the development of 300 Lafayette Street in the SoHo district of Manhattan, Real Estate Capital has learned.

Wells Fargo has provided a $52 million loan to Simpson Housing for the purchase of the Citrin, a 312-unit apartment building in Phoenix, Arizona. Simpson Housing paid JLB Partners, the original developer of the property, $94 million for the property, which puts the loan-to-value at about 55 percent.

UK student accommodation developer and manager Unite Group has launched and priced £125 million of bonds issued by the Unite UK Student Accommodation Fund (USAF).