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pbb Deutsche Pfandbriefbank has written a €32 million loan to finance the development of a four-star Holiday Inn hotel in Hamburg’s City Nord area.
Italian property company Gruppo Statuto has placed a €59 million bond to finance the conversion of a Rome office building into a luxury W Hotel.
Wells Fargo has placed a $350 million construction loan backing a 43-story office tower set to rise next to the billion-dollar Transbay Transit Center in San Francisco, California.
Thorofare Capital has originated $54 million in short-term, fixed-rate bridge loans out of its recently launched Thorofare Asset Based Lending Fund IV, Real Estate Capital can reveal.
CBRE Capital Advisors has appointed banker Victoria Hill to expand the firm’s regional UK debt advisory business.
Hill, a regional director who joined from RBS, is based in Manchester and is the first of CBRE Capital Advisors’ debt and structured finance team to work outside London.
Jefferies Loancore has provided a $55 million loan to the stalking horse bidder who purchased a troubled condominium conversion in Manhattan’s Financial District, Real Estate Capital has learned based on city property records filed today.
Hammerson has financed its £350 million purchase of the Grand Central shopping mall in Birmingham with a €500 million increase to its existing €1 billion revolving credit facility.
M&G Investments is planning to raise follow on capital for its European senior and junior debt strategies and is considering a development finance fund, after investing £2.2 billion in CRE debt in 2015, Real Estate Capital can reveal.
CBRE continues to expand its corporate finance service, making a key hire to advise clients in the European hotels real estate sector.
The business has recruited former KPMG and Grant Thornton partner Ian Corfield.
IH Capital has provided $236.75 in financing for seven lifestyle hotels owned and operated by Portland, Oregon-based Provenance Hotels.