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The US has become the top destination for Asian outbound commercial real estate investment, putting additional pressure on US lenders as their Asian counterparts increasingly look to carve out their own deals. Asian cross-border commercial real estate investment reached $8.6bn in Q1, the strongest Q1 performance since major Asian outflows began in 2013, according to a report from […]

Helaba has backed Patron Capital’s purchase of an office block in Berlin with an acquisition and speculative redevelopment loan believed to total €60m-€75m. The five-year loan reflects an LTV between 70% and 75% with an interest rate sub-200bps.

The US CMBS market is experiencing the greatest volume of lodging issuance in more than five years. There were nearly $10.1bn in CMBS loans for lodging issued so far this year, more than any other property type.

Deutsche Bank has refinanced the Ritz-Carlton Half Moon Bay in Half Moon Bay, California with a $115m mortgage loan and served as co-lead arranger of a $750m unsecured credit facility provided to the borrower, Strategic Hotels & Resorts. The five-year Half Moon Bay loan bears interest at a floating rate of LIBOR plus 240 basis points and has two one-year extension options.

JPMorgan is preparing to launch its dual-currency £251m/€131m Mint 2015 CMBS secured by two loans on three Hilton hotels. The 2.7-year multi-tranche offering is secured by an equivalent £450m loan on Blackstone’s three remaining Hilton hotels, located in the UK and the Netherlands, in its Mint portfolio.

Shinsei Bank has bought GE Japan’s ¥65bn ($525m) real estate loan portfolio. The portfolio is comprised of nine loans made on office and residential buildings mainly in Tokyo.

Colonial has raised €1.25bn with a bond issue to to replace €1.04bn of syndicated bank debt. The issue, the first by a Spanish property company, was two times oversubscribed.

Orix Real Estate Holdings has provided a $40m construction loan for the development of One Museum Place, a luxury condominium development in Atlanta, Georgia. The three-year, floating rate, limited recourse loan backs a 44-unit, 256,000 sq ft complex that will include two five-story buildings.

Partners Group will look for up to £150m of speculative development financing for its 80 Fenchurch Street project in the City of London. The Swiss-headquartered investment manager said it would seek debt in the range of 45%-75% of loan-to-value for its £200m speculative scheme.

GE Capital Real Estate has provided GH Palmer Associates with an $81m bridge loan for the acquisition of a luxury multifamily community located in Montclair, California. The five-year, interest only loan carries a 3.23 percent rate plus the one-month LIBOR. The loan-to-value was 75 percent.