CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 5631% this year through July In other words, $252 billion of the $474 billion of loans that came due paid off on time The payoff data...
Northmarq has provided $561 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif The 10-year loan requires only interest payments for its entire term The property, at 12002...
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $46830/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, NY, and the...
Commercial Real Estate Direct Staff Report Voya Investment Management has provided $2325 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash Northmarq arranged the four-year loan on behalf...
The volume of CMBS loans in special servicing last month was just about unchanged from June at $668 billion But as the universe of CMBS grew by more than 1%, the special servicing rate actually declined, to 1109% in July from 112% the preceding...
CMBS lenders appear to be easing their underwriting standards when it comes to leverage levels for office loans that have been securitized through conduit deals...
Commercial Real Estate Direct Staff Report Wells Fargo Bank provided $1365 million of mortgage financing to help facilitate Canyon Creek Real Estate’s acquisition of the 519,959-square-foot 111 Congress office building in downtown Austin,...
Greystar has paid $3966 million, or $147,985/unit, for the 268-unit Avana Bartram Springs apartment complex in Jacksonville, Fla The Charleston, SC, investment manager bought the property, at 14951 Walden Springs Way, from Fogelman Properties of...
Multi-Housing News Nimes Real Estate has lined up a $229 million Fannie Mae for its purchase of the Hilliard Pointe Apartments, a 218-unit property in Hilliard, Ohio, about 11 miles northwest of Columbus, Ohio Newmark arranged the five-year loan...
JLL Capital Markets has provided $42 million of Fannie Mae mortgage financing against Portola Bridge Creek, a 270-unit apartment property in Vancouver, Wash, owned by SB Real Estate Partners of Irvine, Calif The Fannie loan pays a fixed coupon and...
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