Bank of America provided a $90 million loan to Paramount Group for the acquisition and repositioning of 670 Broadway, an office and retail building located in Manhattan’s Midtown South submarket.
Prime Finance Partners provided a $178.5 million loan to Denver-based Northstar Commercial Partners for the acquisition of a diversified portfolio of 24 properties located in 12 US states.
Bank of China has placed an $85 million mortgage on a recently developed condo conversion project at 166 East 66th Street on Manhattan's Upper East Side, whose developers recently came under the scrutiny of the state’s Attorney General.
MetLife has provided an $89 million loan to Taconic Investment Partners to refinance an Apple Store-anchored low-rise building at 401 West 14th Street in Manhattan’s Meatpacking District.
Berkadia has originated $235 million in loans via Fannie Mae to refinance two Gerson Bakar & Associates apartment properties in Aliso Viejo, California.
Greystone has arranged and provided a portion of $88.6 million in financing for the rehabilitation of 20 aging affordable housing properties in Tennessee.
The Public Employees Retirement Association of New Mexico has committed $120 million to two funds, including $50m to Madison Realty Capital (MRC) Debt Fund III, sources familiar with the deal confirmed.
Trepp expects a 60 basis point drop in November's US CMBS delinquency rate thanks to the anticipated resolution of a $3 billion securitized loan tied to Blackstone’s purchase of Stuyvesant Town-Peter Cooper Village.
Bank of America has provided an $86.8 million loan to Harbor Group International for the acquisition of Orchard Pond, a 63-building apartment complex in Gaithersburg, Maryland.
Big developments tap overseas investment programme as banks step back, writes Al Barbarino A US post-recession environment marked by tightened lending standards at home and increased wealth overseas has led to the “meteoric rise” of EB-5 financing. A new CBRE report shows the fast-growing investment vehicle contributed more than $4bn to construction projects in the […]