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Helaba has provided a €133 million loan to Valad Europe to refinance its Valad Polish Retail Fund (VPRF).
Federico Montero, the well-known loan portfolio sales advisor, has left Cushman & Wakefield after four years with the company.
Lloyds Bank Commercial Banking has syndicated 50 percent of its recent loan to fund development at London’s O2 arena to Industrial and Commercial Bank of China (ICBC).
The Washington Square Mall in Indianapolis, Indiana, which has been resolved with heavy losses, according to April remittance data flagged by Trepp.
Negative interest rates implemented by central banks are driving up the costs of real estate lending, the Commercial Real Estate Finance Council (CREFC) Europe has warned.
Wells Fargo has provided a €150 million revolving credit facility to unlisted Irish property investor IPUT.
Metlife has provided a $50 million loan on a retail unit at 1 Irving Place, also known as the Zeckendorf Towers, Real Estate Capital has learned. The loan consolidates existing debt from MetLife with a new $29.8 million bridge loan. MetLife declined to comment on the financing.
The former Colliers International UK valuer responsible for the disputed £1.2 billion valuation of London properties which backed the White Tower 2006-3 CMBS has denied bowing to pressure from the borrower to inflate the figures.
The sharp fall in five-year swaps has depressed forecast returns for UK senior debt, from 3.7 to 3.3 percent.
Kennedy Wilson Europe Real Estate (KWE), Kennedy Wilson’s listed investment vehicle, has issued a further €150 million of 3.25 percent bonds through a second draw-down on its Euro Medium Term Note (EMTN) programme.
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