Mezzanine

The Shariah-compliant bank will front the equity for a US-based investor and provide mezzanine debt for European real estate.

Nashville-based Giarratana Development has secured $75.9m in loans for the construction of the SoBro luxury rental apartment tower in downtown Nashville, Tennessee. Chicago-based BMO Harris Bank provided a $58m senior construction loan, while New York-based NorthStar Realty Finance – through its lending entity QARTH Holdings NT-II – provided a $17.9m mezzanine loan on the $90.8m project. […]

Apollo Commercial Real Estate Finance (ARI), the listed US debt investor, has completed $143.6m in new investments. The REIT, which is managed by Apollo Global Management, has made a $50.2m CMBS acquisition and two loans totaling $93.4m – one of which was secured by a Times Square hotel in New York City. Ari acquired a $28.3m […]

Bayside Capital has emerged as the mezzanine provider behind the refinancing of one of Spain’s largest shopping and leisure centres.   The opportunistic investor issued a mezz loan of around €20m for the refinancing of Madrid’s Islazul shopping centre. Bayside’s position sits between 50% and 70% LTV in the overall capital stack.   Owners Ivanhoe Cambridge […]