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Square Mile Capital Management has originated a $60.8 million whole loan on the Brickell City Tower in the Brickell submarket of Miami, Florida, Real Estate Capital has learned.
The asset management arm of the bank owned by France’s national postal service has reached a €533 million first close on two debt funds targeting real estate and infrastructure.
ACORE Capital has provided a $36.7 million loan on a multifamily asset in Austin, Texas, Real Estate Capital has learned. The lending platform focusing on bridge loans on transitional assets provided the floating rate, five-year loan to local borrower F&B Capital on the 344-unit Mission Hills Apartments complex at 2900 Sunridge Drive.
A British exit from the European Union (EU) would dampen the prospects for UK commercial real estate and would require ongoing monitoring of ratings on listed real estate investors and structured finance in CMBS or RMBS, Standard & Poor’s (S&P) has warned.
Private real estate debt vehicles raised almost $4.7 billion in the first quarter of this year, according to data from PDI Research & Analytics.
Canadian Imperial Bank of Commerce (CIBC) has provided a $55.1 million floating rate loan to Pearlmark for the refinancing of the The Ritz-Carlton, Denver in Colorado.
Pembrook Capital Management has raised $100 million for the first close of its third commercial real estate debt fund, PCI Investors Fund III, Real Estate Capital has learned.
Morgan Stanley and Blackstone have provided a $335 million acquisition loan to HNA Capital and MHP Real Estate Services for the acquisition of 850 Third Avenue in midtown Manhattan.
German lender pbb Deutsche Pfandbriefbank has written a €72.5 million loan to finance the recent acquisition of nine French retail parks by a trio of joint venture partners.
JLL has expanded its European debt advisory division into providing structured finance services in a bid to augment its existing debt brokerage practice.
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