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Mesa West Capital has provided MWest Holdings and capital partner GreenOak Real Estate with $52 million in first mortgage debt for the acquisition of Emerald Terrace.
CIBC Capital Markets provided a $79 million acquisition loan for Toringdon Office Park, a six-building, 519,698 sq ft, Class A office park in Charlotte, North Carolina.
Strong US CMBS issuance in the first half of 2015 was in line with inflated early predictions for a post-recession breakthrough year, but the year-end figures are likely to disappoint.
Traditional lenders’ willingness to write riskier loans to compete with the growing pack of non-bank players was a key theme at Real Estate Capital’s first NewYork Forum.
Fannie Mae and Freddie Mac back wave of multi-family deals.
Blackstone has signed an agreement today with Fannie Mae for a $2.7 billion loan backing its $5.3 billion acquisition of the Stuyvesant Town and Peter Cooper Village apartment complex.
Bank of the Ozarks has provided a three-year, floating-rate, $73.5 million construction loan for the development of Frost Tower Fort Worth, a 278,000 sq ft office tower in downtown Fort Worth, Texas.
CBRE Capital Markets’ Debt & Structured Finance team has arranged $100 million in Freddie Mac financing on Strata Equity Group’s acquisition of a 1,041-unit multifamily portfolio in the northern submarket of Seattle, Washington.
Saudi developer Jeddah Economic Company, an affiliate of Kingdom Holding Company, has secured financing to complete the construction of what is slated to become the world’s tallest building: the 1 kilometer (3,280 ft) Jeddah Tower.
The US CMBS delinquency rate has declined for a third straight month, falling by 10 basis points (bps) in November -- and 62 bps year-to-date -- to 5.13%, according to Trepp.
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