389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
The REIT has paid $65 million for the 499-room hotel. The property was purchased from Walton Street Capital and Rockpoint Group, which had purchased it a little over a year ago from CTF Holdings of Hong Kong.
DiamondRock Hospitality Co. has lined up $180 million of long-term financing from Goldman Sachs and Merrill Lynch, allowing it to sew up the $237.5 million purchase of the Renaissance Waverly Atlanta hotel and the Renaissance Austin hotel from a venture led ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1544.5041.651.5AAAAaa+17LiborA-2181.5022.192.6AAAAaa+25LiborB37.0018.232.8AA+Aa1+30LiborC35.0014.482.8AAAa2+37LiborD16.0012.762.8AA-Aa3+42LiborE14.0011.262.8A+A1+45LiborF21.009.012.8AA2+50LiborG17.507.142.8A-A3+55LiborH16.505.372.8BBB+Baa1+70LiborJ17.003.552.8BBBBaa2+90LiborK14.501.992.8BBB-Baa3+120Libor*Notional amount, interest onlyCollateral balance: $948.10 millionBookrunner(s): Credit Suisse First BostonLead Managers: Credit Suisse First BostonMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: Wells FargoOriginators: Credit Suisse First Boston (86.5 percent), RBS Greenwich Capital (13.5 percent)Number of Loans/Properties: ...
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