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Oritani Bank has provided a $34m loan to refinance a portfolio of 12 mixed-use properties in Brooklyn, New York’s Williamsburg neighborhood, Real Estate Capital has learned. The five-year, fixed rate loan -- with a 3.4% interest rate and 30-year amortization -- takes out three previous loans from three separate lenders: Investors Bank, Arbor Bank and Greystone.

Centre Parcs, the UK holiday operator, is partially refinancing its debt with a £590m CMBS. The issue, CPUK Finance, is in two tranches of senior A notes: a five year, £350m piece carries a coupon of 2.667%, 135bps over the benchmark gilt while £140m of 10-year bonds are priced at spread of 165bps, a coupon of 3.588%.

CIM Group has reportedly sued Cantor Fitzgerald, alleging that the latter firm collected $37.3m in excess fees through Cantor Commercial Real Estate (CCRE), a top CMBS shop that the joint venture formed in 2010. Over the past year Cantor Fitzgerald used CCRE as “a vehicle for unauthorized self-dealing in flagrant disregard of its obligations” under an agreement binding the firms under Delaware law, CIM claimed in a lawsuit filed in Delaware state court.

TIAA-CREF has provided a $58m loan to Beacon Partners for a 1.6m sq ft industrial portfolio located in and around the Charlotte, North Carolina area. The 15-year fixed rate loan refinances eight 100%-leased properties. The largest is a 520,000 sq ft distribution facility at 6550 Judge Adams Road in Whitsett, NC.

Leverage on single-family securitizations continues to creep up as the indurty becomes more comfortable with the asset class and more issuers consider structuring deals with an added risk retention tranche. The most recent example, Colony American Homes 2015-1 -- the third SFR deal from Colony and the 20th single-borrower deal -- carries a 77.6% LTV, which is significantly higher than previous deals.

MetroGroup Realty Finance has secured a $35.7m loan on behalf of Oakmont Corporation for the acquisition of the Broadcom Building in San Jose, California. Wells Fargo provided the fixed rate securitized loan, which carries a 10-year term, 5 years of interest-only payments and a 30-year amortization, Real Estate Capital has learned. The loan-to-value based on the $55m acquisition price is 65%.

New lending to commercial property increased by over 50% in 2014 almost recovering to pre-crash levels as alternative lenders entered the market in record numbers. The De Montfort Commercial Property Lending Report showed loan originations leaping from £29.9bn in 2013 to £45.2bn last year, the highest figure since 2008's £49.8bn.

JPMorgan Chase Bank has provided New York developers Mack Real Estate Group and Wharton Equity Partners with a $68m loan for the development of a residential and retail tower in Miami, Florida. Mack Real Estate Group paid a reported $9m for the 1.3-acre site at 3635 Northeast First Avenue, 3604 and 3620 Northeast First Court in February 2014.

ICG-Longbow invested more than £365m in 18 transactions in the first three months of 2015. The firm also completed the investment of its two funds, the £700m 2013 UK Real Estate Debt Investment III and the £400m 2014 Senior Secured UK Property Debt Investments.

Quadrant Real Estate Advisors has placed a $135m construction-to-permanent loan for the development of The Broe Companies' Country Club Towers II in Denver, Colorado, Real Estate Capital has learned. The 25-year loan from French multinational bank AXA carries a 64% loan-to-value, 1.69X debt-service coverage ratio and 30-year amortization with 10 years of interest-only payments.