The following story has been edited to reflect that Trimont Real Estate Advisors was the loan's initial special servicer. Commercial Real Estate Direct Staff Report The $325 million CMBS loan against the 1,193-room Hyatt Regency New Orleans hotel has been ...
Berkadia has originated $34.19 million of Freddie Mac financing and arranged an $11.2 million equity investment from a client to help fund One Real Estate Investment's $45.69 million purchase of two apartment properties with 597 units in suburban New Orleans. ...
AllianceBernstein has provided $46 million of financing against the 200-room Maison Dupuy boutique hotel in New Orleans. The five-year loan, which has a floating coupon, was arranged by Sonnenblick-Eichner Co. of Los Angeles. It allowed the property's owner, MCC Real ...
Commercial Real Estate Direct Staff Report Namdar Realty Group has lined up a $33 million permanent loan against the Acadiana Mall in Lafayette, La., that it had acquired earlier this year for $39 million. The loan, with a 15-year term, ...
Wells Fargo Bank has provided $49.8 million of financing against the Pan American Life Center, a 674,000-square-foot office building at 601 Poydras St. in New Orleans. The 10-year loan, which amortizes on a 25-year schedule, was arranged by Berkadia's hotel ...
fully leased.
Commercial Real Estate Direct Staff Report The sale of the Acadiana Mall in Lafayette, La., resulted in a hefty $84.9 million loss to Banc of America Commercial Mortgage Trust, 2007-2, the CMBS trust that had held a $118.5 million loan ...
Hunt Real Estate Capital has originated a $30 million Fannie Mae loan against the 224-unit River House Apartments in Baton Rouge, La. The loan, which Eyzenberg & Co. of New York arranged, has a 10-year term and requires only interest ...
The Mall of Acadiana, which backs $118.5 million of legacy CMBS debt that had been in special servicing for nearly two years, has been sold to Namdar Realty Group, a Great Neck, N.Y., investor that has purchased other distressed retail ...
South Florida Business Journal A venture of Mill Creek Residential and Rockwood Capital has bought the Modern Miami apartments, with 166 units in Miami, for $47.45 million, or about $285,843/unit. Waterton Associates of Chicago sold the 20-story property, at 1445 ...
