Kennedy Wilson and Fairfax have refinanced The Rock in Bury, once estimated to be worth more than £270m, with a new loan valuing the shopping centre at £88m.
Laurus Corporation has received $48m in loans for the acquisition and repositioning of an office building at 199 South Los Robles in Pasadena, California, Real Estate Capital has learned.
Los Angeles-based Mesa West Capital provided a $39m, five-year, floating-rate loan, and Karlin Real Estate, also based in Los Angeles, provided a $9m mezzanine loan.
Children’s Investment Fund Management provided Carpenter & Company with a $500m loan for the development of a Four Seasons that is set to become Boston’s tallest residential tower.
Toronto-based Brass Enterprises landed a $44.1m Freddie Mac loan for its $67.9m acquisition of Lugano Cherry Creek, a 328-unit, Class A multi-housing community in Denver, Colorado.
HFF arranged the seven-year, 3.45%, fixed-rate loan and also represented the seller of the asset, a fund managed by Dallas-based GenCap Partners. HFF had secured a previous $44.5m floating-rate loan from GE Capital Real Estate on GenCap’s behalf.
Kennedy Wilson Europe Real Estate has bought loans held against eight Park Inn hotels across the UK for £61.5m reflecting a gross yield of 9.3%.
California-based Hager Pacific Properties has received a $50m loan on a 2m sq ft central Pennsylvania warehouse portfolio. An undisclosed correspondent life company provided the 17-year, 4.15%, fixed-rate loan.
Hager purchased the 11-building portfolio in 2006 from Chicago-based Blue Vista Sponsor Equity Fund and an affiliate of Walton Street Real Estate Fund IV for $87m, at the time assuming a $55m mortgage.
Allianz Real Estate has financed Merlin Properties’ acquisition of the Marineda shopping centre in La Coruña with a €133.6m loan.
The 10-year loan has a fixed rate of 2.66% with no amortisation. It has a loan-to-value of close to 50%.
Niche property lender Contour Capital has appointed Gordon Mackie as a director.
LaSalle Investment Management’s debt financing team arranged €714m of financings in 2014.
Legal & General’s lending arm has provided a £75m loan to refinance five hotel assets at Gatwick and Stansted airports.