Freddie Mac has funded more than $1bn in small balance loans (SBL) on multifamily properties since launching the initiative in October of last year.
Allianz Real Estate of America has provided an $89.2 loan to the recent new owners of a renovated condo building in the Midtown South submarket of Manhattan.
An affiliate of CPPIB Credit Investments, a wholly owned subsidiary of Canada Pension Plan Investment Board, has provided a $526m construction-to-permanent loan for the 1.5 million-square-foot expansion of the Bellevue Collection known as Lincoln Square Expansion in Bellevue, Washington.
Värde Partners has acquired a majority stake in Trimont Real Estate Advisors, aiming to capitalize on increasing demand for financial services tied to increases in new construction and development. Värde will integrate Atlanta-based Trimont with the operations of First City Financial Corporation, a commercial finance company that certain Värde funds purchased in May of 2013, in […]
Industrial and Commercial Bank of China provided a $31m bridge loan to developer AMI Real Estate to refinance the existing debt on Universal Lofts, a 67-unit creative office condo community located in Universal City area of Los Angeles.
HFF has arranged $37.7m in Freddie Mac financing for the Carmel Bear Creek apartment community in Lakewood, Colorado that the firm will service through its Freddie Mac Program Plus Seller/Servicer program.
New Basel III capital regime regulations are discouraging US banks from financing development.
The Basel III ‘super-capital’ charge for so-called high-volatility commercial real estate (HVCRE) loans came into effect at the start of the year, intended to curb the sort of excessive construction lending that created big losses during the recession.
Lenders and borrowers say that as many as 70% of US property debt deals now involve advisers
Kroll Bond Rating Agency (KBRA) is flagging a rise in “Credit Bar-Belling” among CMBS loan pools, a practice that uses lower leverage investment grade (IG) loans to compensate for increases in riskier loans.
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $150m Fannie Mae loan to refinance The Markham Apartments, an 80-building, 504-unit residential community in downtown Cupertino, California, Real Estate Capital has learned.