Subject: Mortgages/Financing (MOR)

Vornado Realty Trust has secured $500 million of financing against Penn 11, a 1.2-million-square-foot office building in Manhattan. The interest-only loan, from an undisclosed lender, pays a coupon of Libor plus 275 basis points and matures in October 2025. The ...

Crain's New York Business New York Governor Andrew Cuomo has extended the state's moratorium on commercial evictions and foreclosures through the end of the year. Cuomo initially announced the ban for 90 days starting on March 20, shortly after the ...

Commercial Real Estate Direct Staff Report JLL has provided $25.5 million of Freddie Mac financing against the 285-unit 49th Street Apartments in Pinellas Park, Fla., about 10 miles north of St. Petersburg, Fla. The loan allowed the property's owner, ROI ...

Fannie Mae funded $48.9 billion of loans against apartment properties this year through September, down 6.1 percent from the $52.1 billion it funded during the same period last year. The volume for the year so far is relatively strong, given ...

Commercial Real Estate Direct Staff Report The Starwood Capital Group venture that owns the Louis Joliet Mall in the Chicago suburb of Joliet, Ill., is negotiating a handover of the property through a deed-in-lieu of foreclosure to its lender, UBS-Barclays ...

Commercial Observer Nightingale Group has bought a 75 percent stake in the Whale Building in Brooklyn, N.Y., in a deal that values the 400,000-square-foot office property at $84.1 million. The New York investment manager bought the stake from Madison Realty ...

A venture of Ramsfield Hospitality Finance and funds managed by CarVal Investors has purchased a $31.48 million mezzanine loan supported by a portfolio of 11 Hilton-branded hotels with 2,034 rooms in Tennessee, Florida and Michigan. The loan was purchased from ...

Western Wealth Capital has paid $117.5 million, or $178,300/unit, for the 659-unit Onnix apartment property in the Phoenix suburb of Tempe, Ariz. The Vancouver, British Columbia, investment manager bought the property, at 1500 East Broadway Road, from Bridge Investment Group, ...

Crain's New York Business Orb Management has filed a lawsuit in New York State Supreme Court, alleging that fitness company Equinox defaulted on most of its rental payments since March for its space at 421 Hudson St. in Manhattan. Orb ...

Commercial Observer A venture of MAG Partners, Atalaya, Safanad and Qualitas, an Australian asset manager, has secured $173 million of construction financing for a 479-unit apartment project in Manhattan. Madison Realty Capital provided the three-year loan, which was arranged by ...