The Oversea-Chinese Banking Corp. has provided a $105 million loan against the 411-room Element New York Times Square West hotel in midtown Manhattan. The financing helped fund Ascott Residence Trust's $163.5 million purchase of the property.
TPG Capital has provided $95 million of mortgage financing against the Beekman Tower, a 178-unit corporate-housing property in Manhattan's Turtle Bay neighborhood. The property, a former hotel, was recently converted to corporate housing. It was purchased by a group led ...
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating S&P Rating MStar Pricing % Final Pricing (bp) Bnch mark A 212.30 58.4 1.88 Aaa AAA AAA 100.00 +78 Libor B 74.50 43.8 1.88 Aa3 AA- AA- 100.00 +115 ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..