Principal Global Investors has provided a $43.3 million refinancing for the 625,424 sq ft office tower in downtown Atlanta, Georgia.
The investment group provided the four-year, floating-rate loan to an affiliate of Five Mile Capital Partners to replace existing debt and provide future funds.
The bank provided the three-year, floating-rate loan with two one-year extensions to R.D. Olson Development.
Natixis Real Estate Capital has provided a $101 million financing on a 21-floor commercial condominium in Lower Manhattan.
Manufacturers and Traders Trust Company (M&T Bank) has provided $76.54 million to refinance the debt on a mixed-use development going up on the Upper East Side of Manhattan.
Rockport Mortgage Corporation has provided $170.54 million in financing on a federal affordable public housing project in the Lower East Side of Manhattan, Real Estate Capital has learned based on city property records.
A new CMBS conduit transaction demonstrates how “Credit Bar-Belling," or using a lower leverage investment grade (IG) loan to compensate for increases in riskier loans, continues unabated among CMBS loan pools.
By Justin Slaughter A well paid tech workforce streaming in from neighboring Silicon Valley is the latest Gold Rush to hit the city of San Francisco. With companies like Facebook, Google and Apple sponsoring private luxury coach buses that shuttle their employees down Highway 101 to work and back, thousands of tech workers are shunning […]
Mercantil Commercebank has provided a $50 million construction loan on a 108,900 sq ft apartment project in Southern Florida. The bank provided the loan to Fairfield Residential Properties to build 292 apartment units on the vacant lot at NE 7th avenue and 2nd Street in downtown Fort Lauderdale.
While the survey responses indicate a jump in demand for core assets, interest in "secondary, value-add and alternative opportunities" has declined.
LAM Group broke ground on construction at the site, a few blocks south of the Empire State Building, in September. The hotel is set to open in 2018.