Deutsche Bank has released pricing guidance for its DECO 2015-HARP CMBS, the first secured by Irish collateral since 2006.
ING Real Estate Finance has syndicated the €125m loan it issued in November last year secured against the prime Madrid shopping centre Islazul, Real Estate Capital can reveal.
TD Bank has appointed Donald Mincey and Carlos Perez to lead its growing commercial real estate lending team in Florida.
The team offers a range of commercial term loans, construction loans, revolving lines of credit, letters of credit, and bridge loans across multi-family, office, retail, and industrial properties.
Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to VFC Series 2015-3, a $233.1m commercial non-performing loan (NPL) securitization of 361 NPL, performing loans, and real-estate-owned (REO) properties.
Square Mile Capital Management has provided a $24.5m mezzanine loan to McSam Hotel Group for the construction of a hotel in the up-and-coming Hudson Yards neighborhood on Manhattan's west side.
The mezzanine loan is part of $108m in construction financing on the property, the balance of which is a senior construction loan was provided by Bank of the Ozarks.
Prime Finance has provided a $50m bridge loan to Angelo, Gordon & Co. and City Center Realty Partners for the refinancing of Bank of America Plaza in Las Vegas, Nevada.
The 16-story, 270,234 sq ft Class A office tower at 300 South 4th Street is in the heart of Downtown Las Vegas.
Och-Ziff Capital Management is reportedly raising funds for a high-yield commercial real estate debt fund that will target a range of distressed and alternative assets.
The hedge fund, through Och-Ziff Real Estate, is looking to raise $800m for the closed-end fund, targeting returns north of 10% and up to $13%, said a source familiar with the plans. The fund will make debt investments on assets as diverse as distressed land, casinos and senior housing.
Wells Fargo retook its 2013 originator top spot in The Mortgage Bankers Association’s 2014 Commercial Real Estate/Multi-family Finance Firms – Annual Origination Volumes report, with a total of $50.3bn of financings.
JP Morgan was second in line, securing $39.9bn; Eastdil Secured was third, with $36.7bn. The other top 10 2014 commercial/multi-family mortgage originators were: HFF, Meridian Capital Group, KeyBank, CBRE Capital Markets, Deutsche Bank Securities, PNC Real Estate and Bank of America Merrill Lynch.
NorthStar Realty Finance has secured debt for its purchase of a €1.1bn pan-European office portfolio from SEB Asset Management, Real Estate Capital can reveal.
Greystar has selected a frontrunner to fund its £700m of ongoing student accommodation purchases in central London, Real Estate Capital can reveal.