The Bank of the Ozarks has provided a $58.6 million loan against the Hampton Inn & Suites Nashville Downtown. The 154-room hotel, at 310 Fourth Ave. South in downtown Nashville, Tenn., is owned by a venture of LCP Group and ...
A venture of LCP Group and Sedco Capital, a Saudi investment manager, has paid $58.2 million, or $377,922/room for the 154-room Hampton Inn & Suites in downtown Nashville, Tenn. The nine-year-old property, at 310 Fourth Ave. South, was purchased from ...
Commercial Real Estate Direct Staff Report Rockrose Development Corp. has lined up a total of $227 million of financing to fund its $300 million, or $724.30/sf, purchase of Lincoln Square, a 414,204-square-foot office building at 555 11th St. NW in ...
LNR Partners' decision to waive the prepayment penalty on the $225 million of CMBS debt against Lincoln Square in Washington, D.C., which subsequently was sold for $300 million, was likely a solid decision, according to a number of bond investors. ...
The $225 million of CMBS debt against Lincoln Square, a 405,978-square-foot office property in Washington, D.C., has had its prepayment penalties waved as part of a modification, paving the way for the property's sale to Rockrose Development Corp. for $300 ...
Commercial Real Estate Direct Staff Report The largest loan in the collateral pool for CD, 2007-CD5, has been transferred to special servicing because it's expected to default, according to Fitch Ratings, which highlighted the transfer in a Daily Special e-mail ...
Crain's Chicago Business RE Solutions EMR LLC has been appointed receiver for Evergreen Plaza, a retail property with 800,000 square feet in suburban Chicago. The property, which is also referred to as The Plaza, is being marketed for sale through ...
Starwood Property Trust is providing up to $36 million of financing for the 65-room City Club Hotel in midtown Manhattan. The hotel's owners will use proceeds from the fresh debt to retire a $21.36 million loan that was securitized through ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Banc of America ...
A venture of a fund managed by Fidelity Real Estate Group and Hotel Asset Value Enhancement has acquired the Northland Inn, a 231-unit hotel in Brooklyn Park, Minn., resolving a $20.5 million securitized mortgage that had been delinquent for nearly ...
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