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Goldman Sachs has restructured its €182.25m REITALY CMBS and is reassessing its price guidance as it relaunches the transaction. The deal is the securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets.
Blackstone has provided a $365m bridge loan to Westbrook Partners for the purchase and redevelopment of the sprawling St. John’s Terminal building at 550 Washington Street on Manhattan’s far west side, Real Estate Capital has learned.
Fears of a Chinese economic ‘meltdown’ have quickly found their way into the US commercial real estate markets as the industry grapples with the potential decline of one of the top investors in US property.
California-based Sabal Financial Group is selling a $541m real estate portfolio that includes $248m of loans and $293m worth of assets.
Specialist lender Amicus Finance has launched a £100m securitisation backed by short-term commercial and residential property loans. The issue is believed to be the first securitisation in the UK market made up entirely of short-term loans made for the acquisition, refurbishment and development of UK real estate.
AEG and Crosstree Real Estate have appointed Eastdil Secured to find £185m to finance a designer outlet scheme at the O2 Arena in Greenwich, London. Debt brokers Eastdil has approached a number of lenders to secure the funding which could see up to 230,000 sq ft of retail space added to the events and leisure site.
SL Green announced this week that it has closed on its $2.285bn acquisition of 11 Madison Avenue in Manhattan, among the city’s largest real estate deals ever.
Greystone has provided two agency loans totaling nearly $31m on affordable housing properties in Las Vegas, Nevada, Real Estate Capital has learned.
pbb Deutsche Pfandbriefbank has provided an £81m loan to Harbert for its £115m purchase of Eastgate Shopping Centre. The five-year facility reflects a loan-to-value of 70%.
Walker & Dunlop has provided $464.7m in Freddie Mac loans to New Senior Investment Group for the acquisition of a 28-property senior housing (independent living) portfolio spread across 21 US states.
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