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Goldman Sachs Principal Investment Area has raised $993 million for its third real estate debt fund, according to Real Estate Capital's sister title, Private Debt Investor.
The Paris-based investment and banking firm’s US real estate debt team succeeds by unifying its balance sheet and CMBS lending and says the mortgage-backed securities market will endure new regulations. Justin Slaughter reports.
How US regional banks are winning the greatest share of US CRE originations as CMBS falters. Justin Slaughter reports.
ACORE Capital has provided a $82.5 million financing to Brack Capital Real Estate on its 107,000 sq ft mixed-use development at 627 Greenwich Street in the West Village neighborhood of Manhattan.
Cigna Investments has provided a $43 million acquisition loan to Pure Multi-Family REIT (Pure Multi) on the 368-unit Alexan Fairmount mid-rise apartment community in Dallas, Texas.
Apollo Commercial Real Estate Finance (ARI) has provided a $130 million junior mezzanine loan to an undisclosed borrower on a 155-property US healthcare portfolio, bring the firm’s total financing on the portfolio to $1.05 billion.
JPMorgan Chase is the lender on a $46.55 million financing to Unico Properties on three-property Platte Street Portfolio and an adjacent office development site in Denver, Colorado, county records show.
The Macquarie Group and Torchlight Investors have provided a $56 million refinancing to Presidio Companies on the 429-room Sheraton Forth Worth Hotel in Fort Worth, Texas.
The report, which Trepp presented to the Federal Reserve Board of Governors recently, states that the agency now expects only 20 percent of these loans to experience losses, compared to the 50 percent prediction that many institutional lenders and rating agencies had voiced.
The private multifamily and healthcare properties lender has provided four fixed-rate agency loans with 30-year amortization schedules since the beginning of September.
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