Aviva Commercial Finance has issued three, fixed-rate loans totalling £154m for the development of new healthcare and educational facilities in the UK.
The loans, which closed just before Christmas, have long-dated income that match the liabilities of group clients including the Aviva annuity business.
The CRE Finance Council’s annual Miami Beach conference kicked off todayat the Fontainebleau Hotel with an energy reflective of the buoyant real estate markets.
A 10:30 a.m. networking break after the first official panelist forum saw a swarm of industry experts exchanging pleasantries and sowing the seeds of a new year’s deals.
"We're all here to make money, right?" one delegate put it bluntly.
Some were already already holding down positions at the hotel’s grandiose circular bar . (Was it really water in that martini glass?).
Blackstone and TPG have agreed a deal to buy Acenden Mortgage Servicing Solutions, the servicing business that was previously part of Lehman Brothers, from the administrators of the bank.
Bank of America provided a $76.6m loan backing KBS REIT III’s acquisition of the Ten Almaden office building in downtown San Jose, California.
The three-year, floating-rate loan represents a 66% loan-to-value ratio on the reported $116.7m December purchase of the 309,255 sq ft, Class A building from seller Equity Office.
Loan servicer Situs is to be bought by US private equity firm Stone Point Capital.
The business is being sold by Ranieri Partners and WL Ross & Co in a deal thought to be worth $200m. The deal is expected to close in the first quarter of the year.
The deadline to vote for the best financiers and advisors in Europe and the US in Real Estate Capital’s inaugural awards is fast approaching. Competition in several categories is close, so every cross in the box will be crucial Voting closes at midnight on Friday 9th January. The pan-European lender of the year category is […]
Lending giant Wells Fargo has provided Boston-based Rockpoint Group with a $115m loan for the acquisition of the Wimbledon apartment building on the Upper East Side of Manhattan. Rockpoint paid J.P. Morgan $218m for the recently-renovated 28-story apartment building at 200 East 82nd Street, putting the loan-to-value at 52%. J.P. Morgan paid $150.8m for the property […]
Spanish “bad bank” Sareb sold a number of real estate loan portfolios with a face value of €847m in the final weeks of 2014.
Two real estate loan books including the €259m Agatha portfolio and the €140m Olivia portfolio have been sold to investors including London-based private debt firm Hayfin, writes Real Estate Capital’s sister publication PDI.
ING has backed Valad Europe in its first purchase for its new Dutch vehicle, Valad Netherlands Diversified Partnership (VNDP).
Valad has entered into a joint venture agreement with an unnamed investor to build a €500m diversified portfolio of core-plus/value-add assets in the country.
Orion Capital Managers has sold its Puerto Venecia shopping centre and retail park in Zaragoza in Spain to Intu for €451m. The deal is a new landmark for the country’s real estate recovery with the sale reflecting a 5% yield, pricing unimaginable only six months ago. Having entered at its very nadir, the sale also […]