Quadrant Real Estate Advisors has completed $2.4 billion in loans (closed, committed or under application) year-to-date but will shift its focus away from construction loans as it pursues a previously established $3.5 billion target for 2016.
When REC caught up with Hussey last week, he said the forward deal pipeline is likely to include an additional $600 million in Fannie/Freddie originations by the end of August.
Morningstar Credit Ratings has identified $1.44 billion worth of loans that could impact CMBS deals following Ralph Lauren’s recent announcement of 50 upcoming store closures.
ACORE Capital has provided a $136 million acquisition loan for the purchase of a commercial property located in the Long Island City neighborhood of Queens, New York, Real Estate Capital has learned.
CBRE has secured an $82.5 million Fannie Mae loan on Centennial Holding Company’s acquisition of Camden Summerfield, a 478-unit Class A apartment community in Landover, Maryland, Real Estate Capital has learned.
Morgan Stanley and Citi have provided Senior Housing Properties Trust (SNH) with a $620 million mortgage loan to refinance two Vertex Pharmaceuticals-occupied life-sciences buildings in Boston’s Seaport District.
Mesa West Capital and Hudson Pacific Properties have provided Chinese technology company LeEco with with $140 million in financing to buy a plot of land from Yahoo! for the development of its future US headquarters in Silicon Valley, sources confirmed to Real Estate Capital.
The financing includes a $46 million fixed-rate construction loan from East Boston Savings Bank and $12.7 million in subordinate debt from Canyon Partners Real Estate, according to HFF, which arranged the deal.
The Office of the Comptroller of the Currency has issued a warning about emerging risks in US commercial real estate lending, cautioning that loosening underwriting standards are increasing credit risk.
AXA Equitable Life Insurance Company has provided a $295 million refinancing package for Jake Resnick & Sons’ One Seaport Plaza in Lower Manhattan.