Citibank has provided $690 million of financing against a portfolio of 13 apartment properties with 4,077 units throughout Florida, Kentucky, South Carolina, Tennessee, and Texas Newmark arranged the loan, which is expected to be securitized, on...
Dwight Mortgage Trust has provided $675 million of financing against the 260-unit Elements at Saratoga Lake townhome-apartment community in Saratoga Springs, NY The property was developed in 2024 at 1 Forest Ridge Blvd by Blue Iron Development of...
South Florida Business Journal Bank OZK has provided $3238 million of construction financing for the Four Seasons Private Residences Coconut Grove condominium project in Miami A venture of CMC Group and Fort Partners broke ground on the 70-unit...
Greystone has provided $492 million of Fannie Mae mortgage financing against the 150-unit SoNo Central apartment property in Norwalk, Conn The loan has a 10-year term and requires only interest payments for its first three years, after which it...
Multi-Housing News Sumitomo Mitsui Trust Bank has originated $808 million of financing for the construction of Jules San Pedro, a 281-unit apartment property in Los Angeles The property is being developed by a venture of High Street Residential of...
SL Green Realty Corp, which last month sold a 49% stake in Manhattan’s 100 Park Ave to Rockpoint Group, has negotiated a modification of the 874,200-square-foot office building’s $38287 million loan, effectively extending its term an...
Triad Business Journal DRA Advisors has paid $6085 million, or $246,357/unit, for the 247-unit Hawthorne at the Parkway apartment complex in Cary, NC The New York company purchased the three-story property Hawthorne Residential Partners of...
Apollo Commercial Real Estate Finance Inc has agreed to sell its entire portfolio of commercial mortgages to Athene Holding Ltd, after which it will evaluate pursuing a different business strategy or strategic transaction that could include its...
The venture of Vornado Realty Trust Inc and Korea Post that owns the 477,000-square-foot office property at 7 West 34th St in Midtown Manhattan has lined up $250 million of financing against the building The five-year loan, with a 579% coupon,...
Commercial Real Estate Direct Staff Report A Brandywine Realty Trust venture has lined up an $8732 million commercial property assessed clean energy, or C-PACE, loan against the 489,548-square-foot life-sciences building at 3151 Market St in...
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.
