August 15, 2003 Commercial Real Estate Direct Staff ReportDebtX has hired James Powers, who was managing director of a mezzanine lending vehicle run by Berkshire Mortgage Finance of Boston.Powers joins DebtX as director of sales and will be charged with ...
Newport Realty Capital has closed $90 million of mortgages since its formation earlier this year by James Fowler and Scott Duntley. The boutique firm is looking to grow.
August 14, 2003 Standard & Poor's has upgraded six classes of Salomon Brothers Mortgage Securities VII Inc., 2000-NL1, because loan payoffs have resulted in improved credit-support levels.In addition, the rating agency said the collateral pool has performed well. No loans ...
August 14, 2003 Moody's Investors Service has upgraded four classes of 1345 Avenue of the Americas Trust, 2000-XL1345, because the property securing the collateral mortgage has sufficient levels of insurance coverage against acts of terrorism.The deal was one of several ...
August 14, 2003 Cohen Financial has provided $26.6 million of floating-rate financing for a suburban Boston office property.The Chicago firm, which is best known as a mortgage broker, provided the financing through its merchant banking operation. The three-year loan was ...
The investment bank is starting to offer floating-rate conduit loans. The move is driven by borrower demand. Nomura plans to securitize the loans it writes.
August 14, 2003 Pacific Coast Capital Partners, a Los Angeles investment firm, has made an $11 million equity investment in a proposed industrial development in Oceanside, Calif.The company's investment allowed bkm Development Co. of Costa Mesa, Calif., to buy 37 ...
The real estate finance veteran headed Bear Stearns' CMBS unit in the late 1990s. Meridian is best known for its multifamily business, but the mortgage brokerage firm has embarked on an expansion.
August 11, 2003 ProLogis (NYSE:PLD) has renewed and expanded its revolving line of credit to 450 million euro (US$510 million) from 325 million euros.The new facility was provided by a syndicate of 23 banks led by ABN AMRO Bank NV, ...
August 11, 2003Meridian Capital Group LLC has appointed Jim Reichek to the newly created position of chief operating officer, effective Sept. 2.Reichek will report directly to Ralph Herzka, Meridian's president.Meridian, a multifamily mortgage broker for properties in the Northeast, has ...
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