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The loan replaces $85 million in debt provided by an AIG Investments-led group in January 2014 and adds to it an additional $75 million of new mortgage debt.
Retail properties represent the highest property type concentration in this transaction, 31 loans or 38 percent of the pool, and a high concentrations of a single property type could lead to increased volatility, according to Fitch.
The lenders provided the financing for Cindat Capital Management Limited's acquisition of a majority stake in seven Manhattan hotel properties.
With its established presence in the UK, the US firm now has its sights set on other European markets. Justin Slaughter reports.
Justin Slaughter reflects on the implications for real estate lending in US cities hit by the plunging oil price.
The floating rate loan supported the acquisition of a 427-unit apartment community in St. Paul, Minnesota. HFF will service the loan through its Freddie Mac Program Plus Seller/Servicer program.
While the transaction has above average concentrations of hotel loans, which are more likely to default, it also has an overall lower than average loan-to-value, according to Fitch.
The bank provided the loan to the real estate investment trust Welltower to purchase adjoined buildings at the northeast corner of Lexington Avenue and 56th Street.
As market conditions cause several REITs to sell off properties, lenders can reap the benefits. But for a limited time only.   Even though real asset values in the US have remained strong, the stock value of REITs — tied to the rocky global markets — has dropped.  US commercial real estate property prices were […]
The San Francisco-based bank provided the loan to Macklowe Properties on the 11 residential and one commercial condo units at 737 Park Avenue, property records show.
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