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A $130m loan secured by Crow Holdings’ Dallas Market Center in Dallas, Texas is the largest behind a new Goldman Sachs commercial mortgage-backed securities (CMBS) deal.
The 10-year Dallas Market Center loan carries a 4.0975% and 30-year amortization.
Aareal Bank has provided a €120m facility to Torre Rioja Madrid for a portfolio of three office buildings in central Madrid.
Torre Rioja Madrid owns and manages 15 office, residential, parking and hotel buildings in the capital.
Aeriance Investments has filled its 10-person debt team with the appointment of Seb Sims as associate director and Neil Sargent as legal counsel.
Sims joins from RBS where he was a director on its real estate restructuring team responsible for managing a portfolio of £3.5bn of loans. Sargent joins from law firm Eversheds where he specialised in the origination and restructuring of real estate debt.
pbb Deutsche Pfandbriefbank has provided a €131m loan to AEW Europe to refinance the Tour W office tower in Paris.
The 32-storey partially let tower in La Défense is managed by AEW Europe and owned by a group of French investors. It is currently being renovated.
“Off-the-radar” secondary assets in established markets offered the best opportunity for good returns from real estate debt, according to a report by TH Real Estate.
The UK Commercial Real Estate Debt report also said the UK property finance market was the largest, most transparent, most competitive and, critically, most creditor friendly in Europe.
HFF has secured $495m in Freddie Mac financing on behalf of Strata Equity Group for the acquisition of a portfolio of 12 apartment communities from Blackstone.
The 12 fixed-rate, securitized loans cover 4,635 units that Blackstone had acquired through the Blackstone Real Estate Partners VII fund.
Los Angeles-based lender Calmwater Capital has received $600m in third-party funding and plans to deploy the lion’s share of it in 2015, the firm told Real Estate Capital.
The company secured credit lines from two global banks totaling $500m and a $100m equity investment from a university endowment.
Quantum Capital Partners has secured a $33m short-term bridge loan to a Los Angeles-based developer to refinance The Medallion, a luxury apartment and retail development in downtown Los Angeles, Real Estate Capital has first learned.
The two-year loan with extension options pays off a previous construction loan on the property.
After hitting a snag in March, logging no change, the US CMBS delinquency rate managed just a single basis point improvement in April.
It’s a sign that the significant rate drops of 2014 are behind the market and that further drops will rely on new issuance, according to data and research firm Trepp.
Blackstone has provided an $83m acquisition loan to Highgate Hotels and The Meridian Group for the acquisition of the Hyatt Regency Hotel in Bethesda, Maryland, Real Estate Capital has first learned.
Blackstone originated the floating rate loan out of Blackstone Mortgage Trust (BXMT), a public mortgage REIT that is part of Blackstone Real Estate Debt Strategies (BREDS), the firm’s commercial real estate lending platfor