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Greystone's FHA lending group closed 13 HUD-insured loans in April, including a $19 million 221(d)(4) loan on the 190-unit Radnor Towers affordable housing property in Nashville, Tennessee.
The Office of the Comptroller of the Currency (OCC) will reportedly be focusing more attention on the flows of money from large national bank lenders, which it oversees, to their non-bank counterparts.
Pillar has originated a $32.5 million HUD 232 loan to National Healthplex for the conversion and rehabilitation of the The Regency at Glen Cove, an assisted living and memory care facility in Glen Cove, New York on Long Island.
Cantor Commercial Real Estate has provided $18 million to Webb Management & Investments for the acquisition of a four-building, multi-tenant business park in San Diego, California.
Related Companies and its partners have secured an $88 million construction loan from Deutsche Bank AG for the development of 300 Lafayette Street in the SoHo district of Manhattan, Real Estate Capital has learned.
Wells Fargo has provided a $52 million loan to Simpson Housing for the purchase of the Citrin, a 312-unit apartment building in Phoenix, Arizona. Simpson Housing paid JLB Partners, the original developer of the property, $94 million for the property, which puts the loan-to-value at about 55 percent.
Wells Fargo and J.P. Morgan are reportedly financing Blackstone’s $1.9 billion purchase of a 49-property US shopping center portfolio from RioCan REIT of Toronto, and they are looking to syndicate the $740 million senior portion of the loan.
Eagle Bank and Federal Capital Partners (FCP) have provided construction financing for the development of an apartment community in Washington, DC.
Natixis Real Estate Capital has originated a $91.5 million loan to refinance a 13-property US healthcare portfolio.
Quadrant has $1.8 billion in loans closed, in-closing or under application so far this year and plans to nearly double that to $3.5 billion by year end.
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