Bank of the Ozarks has provided a $54.9 million loan backing Extell Development Company’s purchase of a condominium development site on the Upper East Side of Manhattan, city property records show.
The MBA’s $500bn forecast for US loan originations this year is plausible, but the odds are stacked against its predictions for record years in 2017 and 2018 The Mortgage Bankers Association (MBA) has forecast $500 billion in US commercial real estate loan originations for 2016, just shy of last year’s $504 billion and not far […]
Starwood Property Trust has provided $183 million in financing backing the transformation of the Presidential City apartment complex in Philadelphia, Pennsylvania, Real Estate Capital has learned.
Cornerstone Real Estate Advisers, on behalf of an institutional client, has provided a $63.86 million acquisition loan for the acquisition of two Class A seniors housing communities.
Barclays Bank and Morgan Stanley have reportedly teamed up on a $700 million fixed-rate loan to refinance the Easton Town Center, a high-end shopping complex in Columbus, Ohio.
The Mortgage Bankers Association (MBA) has projected that originations of commercial and multifamily mortgages will total $500 billion in 2016, a hefty number given the volatility that the CRE finance market has experienced so far this year.
The surprise Brexit vote blindsided the US CRE finance industry and could potentially derail modest progress to the faltering US CMBS markets, according to Kroll Bond Ratings agency.
The largest loan in the Wachovia Bank Commercial Mortgage Trust 2006-C25 (WBCMT 2006-C25) CMBS securitization has been transferred back into special servicing, Fitch Ratings warned this week.
The US CMBS delinquency rate moved moved 25 basis points higher in June to 4.60 percent, marking the fourth straight month of increases, according to Trepp’s monthly report.
Many experts believe that Brexit will create a flight to quality into US commercial real estate, but foreign money is likely to increasingly target secondary markets, one prominent real estate lawyer tells Real Estate Capital.