Telford Homes has signed a new £180m corporate loan facility with a quartet of banks.
Leading data firms are noting significant drops in delinquency rates that have created historic lows among top investors groups, including those serving the CMBS and multifamily loan markets.
CMBS delinquency rates (30+ days) fell to 5.58% in February, down eight basis points month-over-month and 120 basis points from the year-ago level, Trepp said today in a new report.
Lloyds has restructured its commercial real estate lending business into six specialist teams.
ING Real Estate Finance has completed a €63m refinance of Via Santa Margherita 3 in Milan.
ING Commercial Banking has appointed a new head of real estate finance for Asia Pacific.
Robert Scholten has moved to the position having been at the bank for 25-years.
TIAA Henderson Real Estate has completed the refinancing of its €1.5bn European Outlet Mall Fund.
JP Morgan Chase Bank has provided a $33.6m loan backing the repositioning of a group of Manhattan buildings owned by the Wildenstein family, a dynasty of international art dealers.
Helaba has refinanced an office park in Toulouse with a €34m loan.
The deal demonstrates Helaba’s willingness to lend outside of the Paris, which dominates the French real estate market and where competition is at its greatest.
The sell-off of Lloyds Banking Group’s UK real estate loan book is close to completion.
After receiving one of the most acclaimed loans of 2014 at Saks Fifth Avenue, Hudson’s Bay Company is forming two joint ventures that are structured to facilitate IPOs and free up cash to grow its portfolio.