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The CMBS industry is watching intently as spreads finally tighten, but rating agencies aren’t yet convinced that any sustained improvement lies ahead.
ING Real Estate Finance Spain and Portugal has provided a €72.5 million loan to GreenOak to refinance a portfolio of Spanish logistics properties.
Colin Throssell, the former head of treasury at TH Real Estate, has replaced Donald Howie as the company’s chief financial officer following Howie’s resignation.
Kroll Bond Rating Agency (KBRA) believes Western Alliance Bank can “comfortably manage” the hotel financing business it has agreed to purchase for $1.4 billion from GE Capital.
MetLife is preparing to expand its third-party institutional asset management platform to European commercial real estate lending, Real Estate Capital has learned.
Lloyds Bank has appointed a new head of UK regions for its commercial real estate unit.
Mesa West Capital has originated a $56.8 million first mortgage loan to the owners of the Northbridge Centre, a Class A office building in West Palm Beach, Florida.
The refinancing includes a new $41.7 million loan that has been consolidated with an existing $20 million consolidated loan from May of 2014.
Cornerstone Real Estate Advisers has provided an £87 million loan to PPHE Hotel Group to refinance the Park Plaza Victoria hotel in London.
The bank provided the three-year, floating-rate loan with two one-year extensions to R.D. Olson Development.
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