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Capital & Regional is reviewing options for the refinancing of the £380 million loan secured by The Mall shopping centre portfolio, which is due to mature in 2019. The group is targeting a refinancing or restructuring of the debt this year.
Irish housebuilder Cairn Homes has increased the size of an existing €150 million debt facility provided by Allied Irish Banks (AIB) by adding Ulster Bank as a lender.
The private equity firm purchased the portfolios for an undisclosed amount from two separate Italian securitisation vehicles majority-owned by GE Capital Real Estate and Royal Bank of Scotland respectively.
Lloyds Bank Commercial Banking’s commercial real estate teams wrote £9 billion of new loans during 2015 as the UK clearing bank continued to increase its lending to the sector.
Barclays Bank has refinanced an office building at 215 Park Avenue South in the Gramercy neighborhood of Manhattan with a $95 million securitized loan that is the largest in the JPMBB 2016-C1 CMBS transaction.
Goldman Sachs and Morgan Stanley have reportedly provided $1 billion of mortgage financing against a portfolio of 42 refrigerated warehouses that Lineage Logistics owns across the nation.
Wells Fargo has provided a $580 million loan to Douglas Emmitt Realty on the acquisition of a four-building office portfolio in Los Angeles, California.
Pbb Deutsche Pfandbriefbank unveiled a record year for new real estate lending in 2015, writing €10.4 billion of new business and predicting a similar level in 2016.
Sumitomo Mitsui Trust Bank has provided a $160 million loan on a large development site on the Upper West Side of Manhattan, Real Estate Capital has learned based on city property records.
The US CMBS delinquency rate dropped another 20 basis points in February after plunging 82 bps in January, according to Trepp.
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