The owners of the InterContinental New York Times Square have exercised the first of four one-year extension options on a $188 million conduit loan. The borrower is likely buying time to find suitable refinancing, Sean Barrie, a research analyst at Trepp, told Real Estate Capital. “The financials on this deal are exemplary,” he said. “This doesn’t look like the borrower […]
The trust purchased the entire portfolio from Wilson Company for $563.5 million. The portfolio has heavy concentrations in Orlando and Tampa.
After a historical year for multifamily loan originations, GSE lenders should expect to do more or better this year, despite a slowdown in multifamily prices. That was the message CRE finance insiders heard at the GSE Multifamily Forum session, led by both borrowers and lenders, yesterday at the CRE Finance Council annual conference in Manhattan.
KeyBank Real Estate Capital has provided $324 million in financing to the Chicago-based real estate company Enlivant on a portfolio of 76 senior care facilities in the US.
Wells Fargo has provided a $75 million Fannie Mae loan on an apartment building managed by a non-profit housing agency near Madison Square Garden in Manhattan.
Maverick Real Estate Partners has announced the private equity manager is raising money for its fourth debt fund, Real Estate Capital has learned. The fund is seeking opportunistic returns on distressed debt.
MetLife has provided a $170 refinancing on the Bristol apartment building in the Sutton Place neighborhood in Manhattan. The loan consolidated existing debt that the life insurance company provided the borrower in 2010 with a new $108.2 million mortgage, property records show.
Bank lenders captured CRE market share from CMBS conduit lenders whose originations had stalled due to market volatility in January and February, shows a newly released CBRE report.
Based out of the firm’s office in Dallas, Texas, Wernick will manage the regional platform, arranging loans through banks, life insurance companies, CMBS conduits and agency lenders.
The occupancy rate in Miami’s 400 hotels has dipped by 1.9 percent YTD April 2016 and by 0.3 percent in 2015, after the rates increased for five consecutive years following the recession, according to a new Kroll Bond Rating Agency report.