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Scott Nuttall, head of KKR’s Global Capital and Asset Management Group, indicated during a Q1 conference call this week that the firm is looking at outside sources of capital to boost investment power after seeding its first real estate credit fund with internal funds.
Goldman Sachs is seeking to syndicate a £160 million loan it made to Hong Kong investor HNA Investment Holding.
ICG-Longbow, the real estate debt business of Intermediate Capital Group (ICG), has completed the raising of £425 million from a single party to be invested in UK residential development loans.
The San Francisco-based bank provided the loan to Macklowe Properties on the 11 residential and one commercial condo units at 737 Park Avenue, property records show.
Helaba has put a new debt distribution structure in place to support the bank’s drive to syndicate a quarter of its loans, Real Estate Capital has learned.
ING Real Estate Finance has provided a $148.6 million senior secured loan to finance the 328,024 square foot Sharon Green Apartments complex in Menlo Park in Silicon Valley, California.
Matt Grefsheim, head of primary and special servicing at Hatfield Philips International, has left to join distressed real estate investor LRC Group.
The bank provided the loan to the Riverview Redevelopment Company and the Housing Partnership Development Corporation on the building at 1600 Sedgwick Avenue, property records show.
As fewer US CMBS loans are resolved due to major declines of inventory in special servicing, the proportion of loans resolved with losses has also hit a six-year low, according to a new report from Fitch Ratings.
Hammerson, the UK shopping centre-focussed REIT, has agreed a new £420 million unsecured revolving credit facility with a syndicate of eight banks.
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