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Major investors holding out on investments until November’s general election are causing an outcry from certain Spanish investment agents.
PNC Bank has provided a $154m construction loan to Heatherwood Communities for the development of a 58-story multi-family rental property in Queens, New York.
Mesa West Capital is looking to raise $750m for the Mesa West Real Estate Income Fund IV, its fourth debt fund, Real Estate Capital has learned.
Agency multifamily origination volume this year could hit $80bn now that the Federal Housing Finance Agency (FHFA) has redefined the affordable lending targets for Fannie Mae and Freddie Mac, speakers said last week at the National Association of Real Estate Editors (NAREE) annual conference in Miami.
After 30 years writing about real estate finance, I’ve been doing a rather indulgent thing: looking back over that period of real estate history. “Inflation is low, money is cheap and banks are lending freely on commercial property. Lenders and borrowers are on a roll,” I wrote– spookily, exactly 16 years ago, at the end of June, 1999. […]
European Banking Authority (EBA) guidelines have come under fire from the property industry, fearful they could limit how much banks could lend to real estate funds. In a joint statement issued by a number of European property associations, including The British Property Federation (BPF) and the Commercial Real Estate Finance Council (CREFC) Europe, they said the draft guidelines would classify alternative investment funds, including real estate funds, as shadow banks and subject them to lending limits.
Lloyds Bank Commercial Banking’s Madeleine McDougall will become CREFC Europe's next chairman. McDougall will begin her one-year term on 9 November 2015, the first day of CREFC Europe’s Autumn Conference.
MetLife has provided Kemper Development Company with $110m to refinance the Westin Bellevue hotel in downtown Bellevue, Washington.
The success of Fundrise -- and debt crowdfunding in general -- relies not on iconic buildings, but rather in areas that have been largely “ignored” by mainstream lenders, said company co-founder and president Daniel Miller this week at the National Association of Real Estate Editors (NAREE) annual conference, held at the InterContinental Miami.
US investor NorthStar Realty is raising a $300m warchest for its European subsidiary which it plans to float later this year. NorthStar Realty Europe, has launched the $300m private offering of senior stock-settlable notes, a kind of convertible bond.
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