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The loan replaces $85 million in debt provided by an AIG Investments-led group in January 2014 and adds to it an additional $75 million of new mortgage debt.
Canada Life Investments has provided a long-term £53.5 million loan to London-based affordable housing provider Dolphin Living to finance a portfolio of London properties.
Redsky Capital has secured $94 million in loans to refinance 241 Bedford Avenue, a 74,370 sq ft mixed-use property in the Williamsburg neighborhood of Brooklyn, New York, Real Estate Capital has learned.
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.
The lenders provided the financing for Cindat Capital Management Limited's acquisition of a majority stake in seven Manhattan hotel properties.
Investec Bank Structured Property Finance has provided a £26 million stretch senior loan to infrastructure group Balfour Beatty to finance the development of a student accommodation scheme in Glasgow.
Clearbell’s director responsible for debt structuring, Nisha Raghavan, has left to join expanding European private equity firm EQT. At Clearbell, the UK opportunistic investment manager headed by Manish Chande, Raghavan reported to partner and chief financial officer Sally Doyle-Linden.
The Class X noteholder in four distressed Titan Europe CMBS deals has lost its High Court action to recover millions of pounds of additional interest.
The multifamily investor, in partnership with MSD Capital, secured the financing on its acquisition of a 1,004-unit apartment portfolio in suburban Baltimore, Maryland, Real Estate Capital has learned.
While the transaction has above average concentrations of hotel loans, which are more likely to default, it also has an overall lower than average loan-to-value, according to Fitch.
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