CBRE, the highest-producing Freddie Mac multifamily mortgage seller, has originated a $43.5m Freddie Mac loan on a sprawling apartment complex in Marietta, Georgia.
The seven-year loan backs BH Management Services’ $58m acquisition of the Barrington Mill Apartments at 1560 Terrell Mill Road, marking the 20th living community BH manages in Georgia. The 752-unit gated community, built in 1985, is set across 25 acres, with amenities including a community clubhouse, fitness centers, tennis courts, swimming pools, laundry facility and a cyber café.
BNP Paribas, ING Bank and RBS have arranged a new €100m revolving credit facility for Goodman European Logistics Fund. GELF will use the five-year finance for general corporate purposes as well as acquisitions.
"The new revolving credit facility addes to GELF's financial flexibility, allowing GELF to respond rapidly without the need for property-specific financing arrangements when suitable investment opportunities arise," said fund manager Emmanuel Van der Stichele.
Mesa West Capital has provided a $71.6m first mortgage loan to Crocker Partners and Siguler Guff & Company for the acquisition and repositioning of two office buildings in Boca Raton, Florida.
MetLife has won a $500m separate account mandate to invest in US commercial real estate loans, Real Estate Capital has learned.
The firm, through its MetLife Real Estate Investors platform, will originate and service fixed and floating rate first mortgage and mezzanine loans across office, multi-family, retail, industrial and hotel assets. The investment was made by a US reinsurance company.
International asset manager Threadneedle has taken a 2% stake in Islamic property bank Gatehouse.
London-headquartered Gatehouse is a Shariah-compliant investment bank that specialises in real estate, treasury, wealth management and Shariah advisory. The Kuwaiti-backed bank manages $2bn of assets in the USA, United Kingdom and Europe.
TIAA Henderson Real Estate has clinched a €45m loan to refinance a shopping centre in southern Italy with an investment bank.
Guggenheim Partners has provided $112m in CMBS financing on eight office properties located across four US states.
A $95m chunk of the financing backs a family of Brazilian investors in its acquisition of a portfolio of six office properties occupied by Wells Fargo. The 10-year loan carries a 65% loan-to-value.
Cornerstone Real Estate Advisors has won two separate account mandates to invest into the European real estate mezzanine debt market, Real Estate Capital can reveal.
The two mandates of $200m each will target different types of deals with different return requirements. The investment has come from a US-based insurance company – not parent, Mass Mutual - and a pension fund.
The European property market cycle is expected to stay strong for longer as a result of the increasingly diversified debt market according to a new report by Colliers International.
Real estate investor, Whitewood REFF, is launching a £125m initial public offering for a real estate debt investment vehicle.