Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Kam Sang Co has paid $115 million for the $290 million loan against Wells Fargo Center South, a 12 million-square-foot office property in downtown Los Angeles The Arcadia, Calif, real estate developer acquired the loan from a group of lenders that...
Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
Commercial Observer Sumitomo Mitsui Banking Corp has provided $1075 million of financing against a 599-unit apartment portfolio in Richardson, Texas, and King of Prussia, Pa Ares Real Estate owns the two-property portfolio, which consists of Axis...
D2 Residential has provided $621 million of financing against the 316-unit Exchange at Holly Springs apartment property in the Raleigh, NC, suburb of Holly Springs, NC The five-year loan, which pays a floating coupon, was arranged by JLL Capital...
Dwight Capital has provided $32 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program for the 110-unit Americana apartment property in Philadelphia The property, at 1775 North American St, is...
Multi-Housing News Bank OZK has provided $1327 million of financing for the construction of ElevenOneEleven, a 344-unit apartment complex in Culver City, Calif A venture of Lincoln Property Co and McCourt Partners is building the property at 11111...
South Florida Business Journal Empira Group has lined up $81 million of construction financing for The Aurelian, a 160-unit apartment project that’s under construction in Coral Gables, Fla Pearlmark provided the loan, which was arranged by...
PCCP has provided $41 million of senior mortgage financing against the 125-unit Tenney North Park apartment property in the North Park area of San Diego The loan allowed developer Foulger-Pratt to retire construction financing and fund its...
BXP Inc has sold a 106% equity stake in the roughly 930,000-square-foot office building it’s constructing at 343 Madison Ave next to the Grand Central Terminal in Midtown Manhattan to AVRS Partners of New York The Boston REIT hasn’t yet...
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