Pillar has provided a $30m fixed-rate, 35-year HUD 223(f) loan to UCA II, LLC, to refinance the Circle Park Apartments, a 418-unit, 19-building affordable housing property in Chicago, Illinois.
AIG Investments has provided a 10-year, fixed-rate, $72m loan to Vestar for acquisition of The District at Green Valley Ranch, a 383,724 sq ft, mixed-use, retail and office center in the Las Vegas suburb of Henderson, Nevada.
JP Morgan Chase Bank and Deutsche Bank’s German American Capital Corporation have provided the Rudin Organization with a $425m loan to refinance 32 Sixth Avenue in Lower Manhattan.
The Blackstone Group is seeking $2.3bn in financing for its acquisition of Stuyvesant Town-Peter Cooper Village, sources tell Real Estate Capital.
Citizens Bank has provided a $37m bridge loan to Angelo Gordon & Company and Monument Realty for Executive Plaza in North Bethesda, Maryland.
Deutsche Bank has provided a $250m loan to refinance the 1 Hotel South Beach in Miami Beach, Florida.
Despite recent signs of stabilization, underperforming CMBS retail assets in secondary and tertiary markets will face a slow recovery going into 2016 if retailers experience a weak holiday season, according to Fitch Ratings.
Meridian Capital Group arranged $71m to refinance a mixed-use and multifamily portfolio located in the New York City borough on The Bronx on behalf of The Morgan Group.
Real estate capital services firm Cohen Financial has arranged $106m for a San Francisco, California-based multifamily commercial real estate owner and investor.
CBRE has arranged $65.5m in Fannie Mae financing to The Reliant Group for the acquisition of Mustang Village, a 514-unit, 1,006-bed student housing property located adjacent to California Polytechnic State University in San Luis Obispo, California.