Subject: Collateralized Loan Obligation (CLO)

Houston Business Journal M-M Properties has defaulted on the $96 million loan against the TC Energy Center, a 1.3 million-square-foot office complex in Houston. The loan had been provided in 2017 by Starwood Mortgage Trust. A $67 million piece of ...

The Real Deal New York developer 601W Cos. has received a maturity extension on the $298.34 million of debt against One South Wacker Drive, a 1.2 million-square-foot office property in Chicago. The company raised $21 million of equity to secure ...

San Antonio Business Journal The $25.3 million loan against the Melia Apartment Homes in San Antonio has been transferred to special servicing as the borrower defaulted on its payments. GVA, an Austin, Texas, investor and property manager, had purchased the ...

The Real Deal A venture of Walton Street Capital and Greenlaw Partners is delinquent on the $62.7 million loan against the 350,000-square-foot office property at 1 City Blvd. West in Orange, Calif. The loan is 30 days past due and ...

The Real Deal Rialto Capital Management is delinquent on the $59.9 million loan against Tower Plaza, a 205,997-square-foot office property in San Mateo, Calif. The loan, which is 30 days past due, is securitized through TRTX, 2021-FL4, a collateralized loan ...

Nearly three-quarters of the commercial real estate loans funded through the collateralized loan obligation market in 2021 and 2022 would not be able to get taken out today, given current debt-yield expectations of lenders providing fixed-rate mortgages, according to analysis ...

A total of nine loans with a balance of $299.8 million against properties owned by affiliates of syndicator Tides Equities have transferred to special servicing in recent weeks. The loans have been a victim of the sharp slowdown in the ...

The Mercury News A venture of Windy Hill Property Ventures and Rockwood Capital has paid $83.5 million, or $515,432/unit, for Vespaio, a 162-unit apartment property in San Jose, Calif. Windy Hill, of Palo Alto, Calif., and Rockwood, of New York, ...

The Real Deal State Street Corp. has missed its May and June payments on $81 million of debt against Lakeshore Towers, an 893,000-square-foot office property in Irvine, Calif. The debt is in two collateralized loan obligations, with a $51.54 million ...

The Real Deal Ohana Real Estate has paid $163.3 million, or $591,666/room, for the 276-room Claremont Hotel & Spa in Claremont, Calif. The Redwood City, Calif., investment firm purchased the property from a venture of FRHI Hotels & Resorts and ...