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JP Morgan Chase has led a $242.65m financing package to a consortium of New York City hospitals for the development of the The New York Proton Center -- the first proton beam therapy facility in New York State, Real Estate Capital has learned.

Cerberus Capital Management has bought a portfolio of mainly non-performing commercial property loans valued at almost €390m from Dutch bank Van Lanschot. Cerberus is believed to have paid around €260m for the portfolio, or 66% of the face value of the portfolio.

While the recovery of US office markets has been uneven, improving fundamentals are having positive impacts on CMBS office loans, according to a new report from data firm Trepp.

The US Department of Treasury (DoT) has issued a request for Information (RFI) on the lending practices of marketplace lenders that could impact up-and-coming online CRE lenders like FundRise, Realty Mogul or Prodigy Network.

Loan servicer Situs and corporate financial advisor Duff & Phelps are targeting Ireland’s distressed loans portfolio market in a new joint venture. The new business will offer ‘end-to-end’ loan management services for commercial property investors in the Irish market, which has been particularly active with sales of loans portfolios.

The former global head of commercial real estate at Deutsche Bank, John Nacos, has joined the board of CR Investment Management (CR). Nacos, who has held various positions at Deutsche Bank and Merrill Lynch, will focus on developing debt and equity strategies for the investment manager.

Wells Fargo and Invesco Real Estate (IRE) have backed the acquisition of The Biltmore Financial Center in Phoenix, Arizona -- a deal being hailed as the city’s largest since 2007 -- with $124m in financing.

In one of the largest financings in Hungary this cycle, pbb Deutsche Pfandbriefbank and Erste Group Bank have provided a €126m facility for a Morgan Stanley consortium’s c. €250m purchase of a mixed-use portfolio. The five-year facility is equally split between pbb and Austrian bank Erste and reflects a loan-to-value of around 50%.

AXA Real Estate Investment Managers has reached a final close of €2.9bn on its latest pan-European debt fund, Commercial Real Estate Senior 9 (CRE9), breaking through its €2.5bn target.

Italian banking group Intesa Sanpaolo has funded Hamburg-based ECE’s second Italian investment, the acquisition of the shops at La Cartiera shopping center in Pompei, with an $80m first mortgage loan.