Subject: Loan Offerings (LOAN)

Philadelphia Business Journal TF Cornerstone has been identified as the buyer of the $62.39 million loan against Philadelphia's famed Wanamaker Building. The CMBS loan, which had matured a year ago, had been with special servicer Greystone Servicing Co. since April ...

Commercial Real Estate Direct Staff Report Washington Federal Bank has sold $2.8 billion of multifamily mortgages, marking what the bank said was the largest non-FDIC commercial mortgage sale ever. The Seattle lender sold the loans for $2.6 billion, or 91.96 ...

Commercial Real Estate Direct Staff Report Calmwater Capital has provided $41.9 million of financing to fund Dornin Investment Group's purchase of a nonperforming loan against the 232,863-square-foot Rose Canyon Business Park in San Diego. Dornin, of Laguna Beach, Calif., paid ...

Blackstone Mortgage Trust Inc., the country's largest mortgage REIT, has formed a partnership with M&T Realty Corp., giving it the ability to offer its borrower clients agency financing for their apartment properties. M&T, a unit of M&T Bank, originates loans ...

The Real Deal The $87.5 million loan against the 182,738-square-foot office property at 292 Madison Ave. in midtown Manhattan is being offered for sale through Newmark. The loan, with an original balance of $92.5 million, had been provided by Deutsche Bank, ...

The Mission Capital unit of Marcus & Millichap has launched marketing of a portfolio of 40 mixed-quality loans with a balance of $141 million on behalf of Ready Capital Corp. The New York loan-sales adviser has set a June 13 ...

Ready Capital Corp., which during the first quarter had reclassified $655 million of its loans as "held-for-sale," has roughly $460 million of those on the sales block. The New York lender, which specializes in the small- to middle-market sector, is ...

Commercial Real Estate Direct Staff Report Beach Point Capital Management has acquired the $112 million CMBS loan against the 284-room Hotel Bossert in Brooklyn, N.Y. The Santa Monica, Calif., investment manager bought the loan from CCRE Commercial Mortgage Securities, 2019-BOSS, ...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. has struck a deal to sell the 10,400-square-foot retail building at 719 Seventh Ave. in the Times Square section of Manhattan for $30.5 million, or about $2,933/sf. The seller was ...

Commercial Observer Yellowstone Real Estate has paid about $200 million for the distressed loan against the 603,928-square-foot office building at 1740 Broadway in Manhattan. Midland Loan Services, special servicer for the CMBS trust that holds the loan, BWAY Mortgage Trust, ...