Deal would be one of the largest in UK real estate corporate history
Orion Capital Managers is to take advantage of the surge of institutional interest and recovery in the debt market in Spain by putting one of the country’s best shopping centres up for sale for €400m, Real Estate Capital can reveal. The price that is being asked for Plenilunio, the 70,000 sq m mall to the east of […]
Whole loans becoming increasingly prevalent as market becomes more competitive
PNC Bank has provided a $51m loan to The Richman Group for the development of a 417-unit rental complex set to rise in Sunrise, Florida. The loan refinances a previous $25m loan SunTrust Bank provided when West Palm Beach-based Richman purchased the land from K Group Holdings for $15.4m in May. SunTrust provided an additional […]
Madison Realty Capital has provided businessman and developer Jeffrey Wu with a $66m loan for the refinancing of a 100,500 sq ft mixed-use commercial property and the commercial components of the Victoria Towers residential condo building in Flushing, Queens. The 18-month bridge loan allows Wu to recapitalize the properties after negotiating a discounted payoff with a […]
Maryland-based lender Walker & Dunlop has completed the acquisition of Johnson Capital and its loan origination and servicing platform. The acquisition is part of an effort to bulk up its capital markets team in anticipation of the upcoming wave of commercial loan refinancings, which Walker & Dunlop’s chairman and CEO, Willy Walker, expects to grow by more than 70% […]
Hodcroft to join $1.5bn KIA-backed debt vehicle
UK insurer broadens debt horizons
Bond follows £375m revolving credit facility
Children’s Investment Fund Management has shelled out another large loan for a Manhattan condo tower – this time a reported $450m construction loan against Zeckendorf Development’s ultra-high-end 520 Park Avenue. The 51-story tower, near the southeast corner of Central Park, will feature 31 condo units, the priciest being a triplex penthouse that set a record when it hit the market last […]