Apollo Commercial Real Estate Finance (ARI) has closed two commercial real estate loans in New York City totaling $95.5 million and has increased its borrowing capacity through JPMorgan Chase Bank to $800 million.
Joe Mosley, head of Agency lending at Greystone, told Real Estate Capital that the properties fit well with Fannie Mae's strategy to finance more multifamily that cater to workforce housing.
Wells Fargo has led a syndicate including four other banks on a five-year, $250m senior loan to refinance the AAA four-diamond Hyatt Regency Hotel in New Orleans, Real Estate Capital has learned.
Helaba Bank has provided $42 million in permanent financing to Arun Bhatia Development Organization (ABDO) for 35 Cooper Square, a new 12-story development in Manhattan's NoHo neighborhood that has been fully leased to Marymount Manhattan College for student dormitories.
Capital One Healthcare has provided a $51 million refinancing on a 77,805 sq ft biotech and laboratory building in Cambridge, Massachusetts, within walking distance of Harvard University.
CMBS conduit loan-to-values declined for the first time in three years during the Q1 2016, according to Moody’s new “Sector Update” report.
The hotel sector is peaking as demand stalls and certain markets experience revenue per available room (RevPAR) declines due to oversupply and their reliance on the energy sector, according to Fitch Ratings’ quarterly update.
Deutsche Bank has provided $38 million in first mortgage leasehold financing for Marina del Rey Hotel, a 164-room, full service, boutique hotel in Marina del Rey, California, Real Estate Capital has learned.
Soho Properties announced it has secured $219 million in construction financing for the development of a 43-floor, 665-foot condominium tower at 45 Park Place in the Tribeca neighborhood of Manhattan.
The Commercial Real Estate Finance Council (CREFC) will urge regulators on the Senate Banking Subcommittee this morning to pass the Preserving Access to CRE Capital Act of 2016, also known as H.R. 4620.