Lenders that hold $940 million of mortgage debt against 95 apartment properties with 2,452 units in San Francisco have hired Eastdil Secured to market it for sale, according to a report in The Real Deal A big chunk of the financing – $60256...
A group of investors led by Kennedy-Wilson Holdings Inc has agreed to pay $24 billion, or just more than 92 percent of par value, for a portfolio of 74 real estate construction loans with a principal balance of $26 billion held by Pacific Western...
Commercial Observer Northwind Group has acquired a $68 million loan against the former Ace Hotel at 225 Bowery on Manhattan’s Lower East Side The loan was purchased from Bank Hapoalim, which in 2019 had committed to provide up to $80 million...
Forman Capital has acquired a $241 million performing loan against a 73-acre site in Miami that could be developed into as many as 1,800 apartment units The Palm Beach, Fla, lender, which was relaunched earlier this year by Brett Forman, bought the...
The Real Deal The L&L Holding Co-led venture that owns the Metropolitan Tower in Manhattan has defaulted on a $925 million loan against the 245,000-square-foot office building The loan is held by Aareal Capital Corp, which is said to be looking...
Midland Loan Services and the Veritas Investments Inc venture that owns a portfolio of 62 apartment buildings in San Francisco that backs $60256 million of troubled financing are in talks to either sell a portion of the financing or the collateral...
The FDIC has hired Newmark to sell roughly $60 billion of loans that were held by Signature Bank, which it took over earlier this month The brokerage is among 11 pre-approved loan-sales advisers that the agency can use to sell loans and...
Aimco has agreed to sell the $275 million mezzanine loan it had provided against ownership interests in the 3,221-unit Parkmerced apartment complex in San Francisco for $1675 million It said the sale was subject to certain approvals and could not...
Commercial Observer Mack Real Estate Credit is offering for sale the $537 million senior and $313 million mezzanine loan against the development site at 545 West 37th St in Manhattan’s Hudson Yards neighborhood The financing was provided by...
Commercial Real Estate Direct Staff Report The troubled CMBS loan against the Bellis Fair Mall in northern Washington, near the Canadian border, has been sold for $475 million That’s just more than 7 percent greater than expected two months...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
