Square Mile Capital Management LLC (Square Mile) has originated a $50 million mortgage on a multifamily property in suburban Chicago. The five-year, floating rate loan to Stoneleigh Companies refinances the existing debt on the 17,200 sq ft One Arlington property in Arlington Heights, Illinois. The lender and borrower emphasized how quickly the deal came together. “The borrower had […]
Manufacturers and Traders Trust Company (M&T Bank) has provided a $36.4 million mortgage to refinance a commercial property in Manhattan’s Meatpacking District.
Prudential Mortgage Capital Company's mortgage lending arm has made its first loan origination in Canada in two decades.
Prudential Life Insurance Co. of America has provided a $70 million mortgage to an affiliate of ATCO Properties and Management on the Emory Roth Office Building in Midtown East, Manhattan.
Goldman Sachs Mortgage Co. has provided a $132 million loan to EverWest Real Estate Partners and Independencia Asset Management for the acquisition of the six-building Panorama Corporate Center, a Class A office campus in suburban Denver, Colorado. The 10-year, interest only loan carries a 4.78 percent interest rate and a 70 percent loan-to-value, according to […]
MetLife, through its real estate investment group, originated $14.3 billion in global commercial real estate loans in 2015, surpassing last year’s record-high of $12.1 billion.
A family-run New York real estate development company has accused Madison Realty Capital (MRC) of fraud in a $150 million lawsuit.
MetLife Agricultural Investments has provided $110 million in acquisition financing for a 456,400 sq ft cold-storage warehouse and distribution facility in Richland, Washington.
Teachers Insurance and Annuity Association–College Retirement Equities Fund (TIAA-CREF) has provided a $247.5 million loan to refinance 20 retail properties comprising 2.1 million sq ft in Houston, Dallas and San Antonio, Texas.
Walker & Dunlop has taken full ownership of its joint venture launched with a fund managed by an affiliate of Fortress Investment Group in 2013, Walker & Dunlop Commercial Property Funding (WDCPF), replacing its original CEO.