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M&G Investments has appointed senior originator Lynn Gilbert as head of senior real estate lending after the departure of Paul Dittmann.
Gilbert has stepped into the role which Dittmann had filled for the last four years since joining the insurance giant’s CRE debt investment team in 2011.
Greystone has provided a $46 million bridge loan to Liss Property Group for the acquisition of Riverview Landing at Valley Forge in Eagleville, Pennsylvania.
Fitch Ratings' fixed-rate US CMBS loan default rate ticked down to 13.2% in Q3 from 13.3% in Q2 due to strong new issuance and fewer new defaults.
ING Real Estate Finance has funded GWM Group’s £110m purchase of 16-17 Connaught Place in London with a £55m senior loan, Real Estate Capital can reveal. The five-year, floating-rate facility reflects a loan-to-value (LTV) of 50% and is ING’s second significant facility to GWM.
Five banks have provided around £400m to Grosvenor for its Liverpool ONE shopping centre in the heart of the northern city.
Crédit Agricole CIB, BNP Paribas, Société Générale, Sumitomo Mitsubishi and Royal Bank of Scotland have teamed together to supply the five-year loan.
Earlier this month, U.S. Bancorp’s CEO Richard Davis issued a few words of caution regarding the commercial real estate markets to analysts, investors -- and 'some' banks.
Qatar Investment Authority has purchased a 44% interest in Brookfield’s Manhattan West development, a project which upon “completion and stabilization” is estimated to be valued at $8.6bn and is thus far backed by $2.13bn in financing from a consortium of bank lenders.
Legal & General Commercial Lending Limited (CLL) has bought a £150m long-term loan from Santander, which is made out to housing association The Hyde Group.
The facility, which expires in 2041, is secured on Hyde’s housing assets and is L&G CLL’s first direct purchase of debt in the social homes sector.
Mack Real Estate Credit Strategies (MRECS) has provided a $75m loan to Madison Equities for the construction of a condo tower to be developed at 45 Broad Street in Downtown Manhattan.
The majority of insurance companies surveyed in a new study from BlackRock plan to increase holdings in one or more income-producing private debt strategies. Eighty-two percent of the insurers, comprised of 248 respondents and representing $6.5 trillion in assets, said that they would increase allocations to at least one alternative credit strategy such as commercial real estate debt.