Home Featured
Featured
Morgan Stanley researchers have reduced their 2016 base-case private label US CMBS issuance projection from $100 billion to $70 billion, citing widening spreads that are "likely" to continue.
ING Real Estate Finance has underwritten a €150 million financing of Oxford Properties’ latest acquisition in the Paris market.
Walker & Dunlop has provided $154 million in Freddie Mac financing against Solow Residential’s Two Sutton Place North at 1113 York Avenue on Manhattan’s Upper East Side.
Deutsche Hypo has provided £53 million of initial finance to Ashby Capital, secured on a Swansea retail asset.
The loan for Morfa Retail Park, at a loan-to-value ratio of 60 percent, follows Ashby’s cash acquisition of the shopping park in December.
M&G Investments has launched the first fund to invest in European long lease property with £265 million of initial commitments from five pension funds.
Related Fund Management is launching its first commercial real estate debt fund, which could target more than $2 billion in capital commitments and aims to help the group compete on larger deals.
Pbb Deutsche Pfandbriefbank has teamed up again with German insurer ERGO to provide a long-term loan for a development project in Munich.
Pbb has structured a 20-year investment and development loan totalling €160 million for the German city’s Neue Balan project.
A panel consisting of heads of financing from LaSalle Investment Management, Commerz Real, M7 Real Estate and IVG Immobilien agreed that borrowers are not generally requesting that lenders increase loan-to-value ratios in deals.
The firm closed 50 financings, including a jumbo near €3 billion loan from Credit Suisse, making it likely to have been last year's biggest European borrower of real estate finance.
Lending margins in the German commercial real estate market are as low as 80 basis points over three-month Euribor.