Grandbridge Real Estate Capital closed $3.26bn in loan originations during first half of this year compared to $2bn last year, an increase of about 64 percent. Now the firm is aiming to originate as many as 800 loans worth $7bn by the end of this year, and in order to accommodate that growth the firm is looking to […]
A $116.5m loan backing the Fair Lakes Office Park in Fairfax, Virginia has been sent to special servicing due to imminent monetary default, according to research and data firm Trepp.
After dropping sharply in May, the June delinquency rate for US commercial real estate loans in CMBS moved in the opposite direction, according to data and research firm Trepp.
Natixis Real Estate Capital has provided $66m to Manhattan-based Bauhouse group for the purchase of three NYLO full service boutique hotel properties in Irving, Plano,(both in Texas) and Warwick, Rhode Island.
The success of Fundrise -- and debt crowdfunding in general -- relies not on iconic buildings, but rather in areas that have been largely “ignored” by mainstream lenders, said company co-founder and president Daniel Miller this week at the National Association of Real Estate Editors (NAREE) annual conference, held at the InterContinental Miami.
Deutsche Bank has refinanced the Ritz-Carlton Half Moon Bay in Half Moon Bay, California with a $115m mortgage loan and served as co-lead arranger of a $750m unsecured credit facility provided to the borrower, Strategic Hotels & Resorts.
The five-year Half Moon Bay loan bears interest at a floating rate of LIBOR plus 240 basis points and has two one-year extension options.
Spain's bad bank, Sareb, is selling a €561m portfolio of resort assets and loans, the legacy of developer Polaris World.
Project Birdie includes three golf courses, two five-star hotels and 2,146 residences and land in Murcia.
Real estate debt borrowers should be wary of turning to alternative lenders because they were more likely to go after the underlying property, the LMA Real Estate Finance Conference heard today.
RBS director of real estate finance Jason Presence told an audience at Allen & Overy’s offices in London that some non-bank lenders were effectively acting as ‘lend to own’ buyers.
Spanish property company Colonial is planning to refinance €1.04bn of bank debt with a bond issue.
Once the country's second-biggest property company, Colonial ran into severe trouble when Spain's property market crashed in 2008. A restructuring last year finally righted balance sheet with a new €1.04bn syndicated loan and a €1.26bn share issue. The bond issue, which Standard & Poor's has given a preliminary rating of BBB, will repay the syndicated loan. which carries a spread of 400 basis points over Euribor and matured in December 2018.
Investors Bank has provided $65m in financing to New Jersey-based real estate owner and developer The PRC Group for the acquisition of a three-property, 974-unit multi-housing portfolio in New Jersey and Delaware.
PRC Multifamily Portfolio - Brighton emailThe fixed-rate financing covers the Brighton Arms and Tree Haven apartment communities in New Jersey and the Valley Run apartments in Delaware.