The Needham, Mass., lender, which has been building itself into a one-stop shop for borrowers, is looking to aggressively expand its Fannie Mae lending capabilities. It has hired a senior executive from Berkshire Mortgage to oversee the effort.
March 30, 2004 KeyBank Real Estate Capital has provided $48 million of construction financing for Patriot Village at Dunn Loring, a 436-unit apartment complex in Merrifield, Va., that is being developed by DSF Investors LLC.The loan has a term of ...
March 29, 2004 CDC Mortgage Capital Inc. has committed to provide up to $47 million of mortgage financing for Harbour Centre, a recently built office building in Aventura, Fla.CDC funded $40.5 million of the five-year debt that was used to ...
March 29, 2004 Aegon Life Insurance Co. has provided $20 million of financing for 100 Technology Drive, a 197,000-square-foot office building in Stoughton, Mass.The five-year financing, which has a floating rate, was arranged by L.J. Melody & Co.The collateral property ...
March 29, 2004 KeyBank Real Estate Capital has provided a $27.3 million revolving construction loan to Tanamera Resort Partners for the 134-unit phase II of the Fleur de Lis town home complex in Reno, Nev.KeyBank's involvement with the luxury development ...
March 29, 2004 GMAC Commercial Mortgage Corp. has provided US$33 million to refinance the 605-room Hyatt Regency Montreal hotel.GMAC's Hospitality Industry Division, through its Canadian entity GMAC Commercial Mortgage of Canada Ltd., provided the floating-rate loan for the property, which ...
March 29, 2004 Fitch Ratings, in an unusual announcement today, said it was closely monitoring a year-old CMBS deal backed by the debt on a portfolio of hotels.The agency said its announcement was prompted by calls from investors asking whether ...
March 26, 2004 Fairfield Residential financed its recent purchase of the Hilltop Apartments in Richmond, Calif., with a $31.16 million bridge and mezzanine loan from Newman Financial Services' Structured Products Group.The six-month, interest-only loan carries a floating interest rate priced ...
March 25, 2004 U.S. Bank has provided $12.2 million in construction and permanent financing for Lakeshore Apartments, a 224-unit complex planned in Evansville, Ind. Dave Keller of the Indianapolis office of Holliday Fenoglio Fowler arranged the three-year, floating-rate loan on ...
March 25, 2004 Bear Stearns and Bank of America will lend $2.66 billion to Blackstone Group for its $3.3 billion purchase of Extended Stay America Inc. (NYSE:ESA).According to a proxy statement that was filed late last week, the debt would ...
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