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Oxford Properties has commenced a search to refinance Watermark Place in the City of London, Real Estate Capital can reveal.
Bank of America Merill Lynch has issued initial price guidance on its €286.4m CMBS – Taurus 2015-IT.
Omni Capital, the lender backed by Christian Candy’s CPC Group, has provided an £8.9m loan for the development of a luxury residential scheme in Chiswick, West London. The 15-month loan will be used to convert an office building into 19 flats with an estimated end value of £13.5m. A day-one draw down of £5.6m is available under the terms of the facility
Barclays has lent Harbert £96m to fund its acquisition of a portfolio of nine offices across the UK. The bank provided a four-year whole loan reflecting a 70% loan-to-value on the £137m purchase price. Barclays acted as sole arranger, lender and agent on the facility. It may sell down a junior portion of the loan.
Colony Capital has appointed a chairman of its international business to be responsible for identifying new investment opportunities outside the US. Philippe Costeletos has joined the Los Angeles-based firm from TPG Capital where he was a partner and head of Europe.
UBS
UBS Global Asset Management is to launch a senior debt fund to invest in Europe targeting €500m to €600m of equity, Real Estate Capital can reveal. The fund will be a follow on to its UBS Participating Real Estate Mortgage Fund I (PREMF I), which invests only in the UK. Despite dramatically reduced margins for […]
A UK clearing bank has financed Chinese insurer Ping An’s £327m purchase of Tower Place, London, Real Estate Capital can reveal.
As part of a deal that’s being hailed as Southern California’s largest multifamily asset purchase in nearly two decades, Berkeley Point Capital has provided TruAmerica Multifamily and a group of investors with a $354m FannieMae credit facility to purchase a 14-property portfolio. The mix of fixed and floating rate loans within the facility carry a blended interest rate of 2.59%. FannieMae credit facilities use a single pool of cross-collateralized and cross-defaulted mortgages as collateral for both long-term financing and short-term borrowing.
Aviva Commercial Finance has launched a recruitment drive as it seeks to expand its £13bn real estate lending book, Real Estate Capital can reveal.
Deutsche Pfandbriefbank has provided a €102m loan to help finance one of the largest regeneration projects in Europe. The German bank’s development loan will be used for the construction of three buildings at Hafencity on Hamburg’s harbour.
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