Deal Name: 2007-LDP10
PRP Raises $27Mln via CrowdStreet for Va. Redevelopment
Commercial Real Estate Direct Staff Report PRP Real Estate Investment Management, which last year paid $40 million for the Mark Center office complex in Alexandria, Va., has raised $27 million of equity via a crowdfunding platform to convert one of ...
Alexandria, Va., Office Buildings Backing CMBS Loan Sold
BisNow PRP Real Estate Investment Management has acquired two office buildings with a total of 420,000 square feet in the Mark Center complex in Alexandria, Va., for $40 million, or $95/sf. The properties are an eight-story building at 4825 Mark ...
Manhattan’s 90-100 Trinity Place Gets Refinanced
The Real Deal KTB Asset Management and Rexmark have provided $101 million of financing against 90-100 Trinity Place, two neighboring office buildings with 186,445 square feet in lower Manhattan. The 10-year mortgage retired an $82 million loan that was securitized ...
Alexandria, Va., Office Portfolio Sees Sharp Drop in Appraised Value
Commercial Real Estate Direct Staff Report The nine office buildings in Alexandria, Va., that comprise the Lafayette Property Trust portfolio that secures a troubled $203.3 million CMBS loan have been appraised at a value of $110 million. The latest appraisal ...
Capital One Writes $92.8Mln Freddie Loan Against Maryland Apartments
Commercial Real Estate Direct Staff Report Capital One Multifamily has originated a $92.8 million Freddie Mac loan against the Hamptons at Town Center, a 768-unit apartment property in the Washington, D.C., suburb of Germantown, Md. The seven-year loan was used ...
New York Community Lends $70Mln Against Apartments in The Bronx, N.Y.
New York Community Bank has provided a $70 million loan against a 702-unit apartment property at 2700-2800 Bronx Park East in north Bronx, N.Y. The 10-year loan has a fixed coupon through 2021, when it begins to float. But the ...
Wells Fargo Lends $125Mln to Defease $39.5Mln CMBS Loan on Manhattan Building
Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided $125 million of mortgage financing against 546 Broadway, a 93,600-square-foot mixed-use property in Manhattan's SoHo area. The loan was used to defease, or replace with government securities, a $39.5 ...
CMBS Loan Against D.C.-Area Portfolio Gets Hit With Appraisal Reduction
Commercial Real Estate Direct Staff Report A $203.3 million CMBS loan against nine office buildings with 839,469 square feet in the Washington, D.C., suburb of Alexandria, Va., has had a $94.4 million appraisal reduction lodged against it, according to a ...
Venture Sought Modification, Prompting Loan’s Transfer to Special Servicing
The venture that owns the 216,482-square-foot office building at 4825 Mark Center Drive in Alexandria, Va., had sought to modify terms of a $203.3 million CMBS loan against the property and eight others it owns in the Mark Center complex, ...
Expected Departure of Key Tenant Prompts Transfer of Large CMBS Loan to Special Servicing
Commercial Real Estate Direct Staff Report The 216,482-square-foot office building at 4825 Mark Center Drive in Alexandria, Va., is facing a sharp decline in occupancy next year when its main tenant, CNA Corp., moves out. That has prompted the transfer ...
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