AIG Investments has provided a $140m, 15-year fixed rate loan to TRT Holdings and JMI Realty for the refinancing of the Omni San Diego hotel in San Diego, California. The 200,000 sq ft, 511-room convention center hotel is located at 675 L Street in downtown San Diego’s Gaslamp Quarter, across the street from the San Diego Convention Center.
MetLife Real Estate Investors is planning to raise its first real estate debt fund, Real Estate Capital’s sister magazine PERE has learned.
The new vehicle, MetLife Commercial Mortgage Income Fund, is considered a companion to its MetLife Core Property Fund and would be one of the few open-ended real estate debt vehicles in the US market.
Loan to support £1bn pipeline
Institutions continue to flood into the sector
The Shariah-compliant bank will front the equity for a US-based investor and provide mezzanine debt for European real estate.
The former head of Lloyds Banking Group’s post-crisis property deleveraging drive will be managing director of CBRE's capital advisors division
Deal would result in major NAMA repayment
Deal will see Blackstone reduce cost of debt and take out cash
Helaba has provided two loans to Tritax Big Box held against UK logistics assets. The two five-year loans combine to £18.66m and have an overall loan-to-value of 39.3%. As a result of the deals the company’s blended margin payable across its financings is 1.75% above LIBOR and it has a gearing level of 38.4%. The […]
Mumbai-based Indiabulls Asset Management is to launch its maiden debt-focussed real estate fund by January 2015. The firm has revealed it is initially targeting to raise INR 5 billion (€64.7m) for the fund, the bulk of which will be used to lend to residential developers in the country, following which it will evaluate raising another […]