First Citizens Bank's Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office...
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April 19, 2024, 07:37 AM
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Victory Park Capital (“VPC”) closed a $100 million credit facility with Sétanta Development Capital (“Sétanta”), a Charlotte-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development...
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April 18, 2024, 08:00 AM
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BHI issued a $40 million capital call line facility to Northwind Debt Fund II, a closed ended CRE debt fund managed by Northwind Group, a real estate private equity firm that has transacted on over $4 billion worth of debt and equity investments in...
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April 18, 2024, 07:00 AM
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Mirate Equity announced its recent collaboration with Boyer Building LLC to facilitate their expansion plans. With an infusion of $15.7 million in capital, Mirate Equity LLC empowers Boyer Building LLC to pursue strategic growth initiatives and...
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April 16, 2024, 07:00 AM
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Parkway International Capital Group (dba PIC Group), formerly known as iCapital Options, has successfully closed a $9 million bridge loan for a healthcare facility development project in Newport. This landmark transaction, initiated by Living Capital...
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April 12, 2024, 07:08 AM
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Flatbay Capital announced its second closing of April with a $2,700,000 commercial real estate purchase loan to help a Houston-based construction and restoration company acquire land for their new headquarters. This deal, which was led by Houston BDO...
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April 11, 2024, 07:40 AM
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Quinn Residences, a leading owner, operator, and developer of dedicated rental communities in the Southeastern United States, announced the closing of an expansion of its existing revolving credit facility led by JPMorgan Chase Bank. The Company...
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April 10, 2024, 07:32 AM
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MidCap Financial provided a $85 million senior secured credit facility to Avison Young. The MidCap credit facility is part of a comprehensive financial recapitalization transaction. The transaction reinforces the Company’s financial foundation by...
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April 03, 2024, 07:50 AM
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Flatbay Capital was founded in 2019 with the goal of supporting business owners with their commercial real estate financing needs. Based in Houston, Texas, they are a nationwide non-bank lender focusing on owner-occupied commercial real estate loans....
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April 03, 2024, 07:45 AM
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Uncaged Capital recently funded a Texas Commercial Real Estate Group with a bridge loan featuring a 24-Months Term. The borrower announced earlier in January that the company utilized $10.8 million of the loan proceeds to repay the balance on the...
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April 02, 2024, 02:00 PM
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AFC Gamma provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state...
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March 29, 2024, 07:39 AM
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BHI provided $50 million to an affiliate of The Kolter Group LLC as part of an overall $133 million credit facility secured to finance their 144-unit luxury condominium project “The Dillon” in the Buckhead neighborhood of Atlanta, Georgia. BHI is...
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March 29, 2024, 07:24 AM
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Benefit Street Partners closed a $120 million floating-rate senior loan for Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio. Silver Star expects to sell all current...
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March 29, 2024, 07:00 AM
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Leste Group, a global alternative investment manager, announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.“Leste is continuing to prove itself as...
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March 27, 2024, 09:02 AM
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Montfort Capital Corporation, a provider of focused private credit strategies for institutional investors, family offices, and wealth managers, announced an up to C$200 million senior secured, revolving credit facility for its wholly-owned subsidiary...
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March 25, 2024, 07:14 AM
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Briar Capital Real Estate Fund continued the expansion of its business development team with the hiring of Jonathan “JD” Davis. Working out of Briar’s Houston corporate office, Davis will be responsible for sourcing new business in Texas and the...
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March 21, 2024, 07:12 AM
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Walker & Dunlop structured $109,000,000 in construction financing for the development of 1034-1042 Atlantic Avenue, a to-be-constructed, 247-unit Class-A multifamily development located on two conjoining parcels creating a cross-block lot between...
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March 18, 2024, 07:00 AM
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Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, entered into an Incremental Amendment to the Third Amended and Restated...
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March 15, 2024, 07:30 AM
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BHI, a full-service commercial bank, has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (“Yellowstone”) with liquidity as the premier evergreen real estate investment platform continues to...
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March 13, 2024, 07:08 AM
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Webster Bank provided a five-year, permanent loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion which is a 100% leased, class-A, state-of-the-art medical office building located in Macomb County, Michigan. ...
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March 12, 2024, 07:45 AM
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First Citizens Bank announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail...
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March 12, 2024, 07:30 AM
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Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona. Jeems...
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March 01, 2024, 07:51 AM
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SolaREIT, a renewable energy real estate investment company, successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow...
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February 29, 2024, 08:00 AM
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Cambridge Wilkinson closed a $145 million credit facility for a private real estate lender who lends in select high-growth geographies in North America, with a particular expertise in ground-up construction lending. This leverage facility is not only...
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February 23, 2024, 07:03 AM
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Mirate Equity announced the approval of a substantial multi-family loan to Sigura Construction LLC. This financing arrangement signifies a strategic alliance geared towards bolstering Sigura Construction LLC expansion efforts within the dynamic real...
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February 20, 2024, 07:20 AM
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A&G Real Estate Partners has retained the real estate group at Houlihan Lokey to assist the Company in its efforts to seize fast-emerging opportunities in today’s turbulent commercial real estate markets. The global investment bank is actively...
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February 16, 2024, 07:50 AM
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EBSC Lending provided a $25 million senior credit facility to Metro Capital. The first advance is secured by investment condo properties. The underlying mortgage loan borrower purchased the properties for investment purposes. “We are very excited...
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February 13, 2024, 07:35 AM
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iCapital Options, a direct private lender based in Sacramento, closed a $12,300,000 loan. This funding is designated for the acquisition and rejuvenation of a multifamily development situated in Raleigh, North Carolina.The $12,300,000 million bridge...
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February 13, 2024, 06:00 AM
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Mirate Equity LLC extended a $21.3 million bridge loan to Golden Construction LLC. This strategic move is designed to fortify Golden Construction, an esteemed company renowned for its expertise in developing luxury apartments across the United States...
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February 12, 2024, 07:33 AM
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Timbercreek Financial announced that on February 8, 2024, the Company entered into a third amended and restated credit agreement with a syndicate of 9 lenders for revolving credit facilities in an aggregate amount of $510 million (which includes a...
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February 09, 2024, 07:47 AM
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First Citizens Bank's Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama. The medical office building spans over...
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February 08, 2024, 07:11 AM
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Carlyle closed a $750 million senior secured debt financing for The Parking Spot, the largest near-airport parking company in the United States. The facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s...
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February 05, 2024, 07:50 AM
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Ares Management Corporation announced that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Solomon and...
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January 31, 2024, 07:38 AM
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Greystone, a leading national commercial real estate finance company, announced that Leena Amin has joined the firm as a Senior Managing Director, Structured Finance. In this role, Ms. Amin will focus on expanding the firm’s bank and alternative...
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January 30, 2024, 07:41 AM
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EBSC Lending closed a $22.8 million senior bridge loan on a mixed-use property located in Cleveland, OH. The proceeds were used to refinance the existing loan, and EBSC's senior bridge loan allows them to finalize their interior renovations and...
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January 30, 2024, 06:00 AM
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First Citizens Bank's Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, North Carolina and Seattle, Washington. Anchor Health...
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January 26, 2024, 07:32 AM
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Oxford Finance's Healthcare Real Estate and ABL Group continued its stable growth in 2023, with Oxford providing over $430 million of capital commitments. The group closed a total of 11 transactions ranging in size from $2.0 million to $89.0...
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January 17, 2024, 07:58 AM
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iCapital Options funded a $9,700,000 bridge loan to facilitate the refinancing of a portfolio comprising three commercial properties located in Nashville, Tennessee. This diverse portfolio encompasses a hotel, restaurant and two office...
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January 16, 2024, 07:08 AM
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Greystone, a leading national commercial real estate finance company, announced that banking industry veteran Steven Caligor has joined the firm as a Senior Managing Director of Structured Finance. In this new role, he will focus on managing and...
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January 09, 2024, 07:55 AM
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Blackstone Real Estate Debt Strategies (“BREDS”), Blackstone Real Estate Income Trust, Inc. (“BREIT”), Canada Pension Plan Investment Board (“CPP Investments”) through its subsidiary CPPIB Credit Investments III Inc., and funds affiliated with Rialto...
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January 02, 2024, 08:01 AM
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PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend...
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December 12, 2023, 07:54 AM
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Cushman & Wakefield released its 2024 U.S. Macro Outlook report which describes the economic landscape as a rolling recession, one in which some industries contract while others continue to expand. Sectors that are currently experiencing some version...
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December 12, 2023, 07:48 AM
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EBSC Lending closed more than 27 real estate transactions in 2023 bringing total commitments to real estate borrowers to more than $427 million. Throughout 2023, EBSC Lending supported the financing and growth initiatives of existing borrowers while...
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December 06, 2023, 07:17 AM
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Ares Management Corporation raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, General Partner commitments and affiliated vehicles.Through LREF IX, the Ares Real Estate Secondaries...
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December 05, 2023, 07:45 AM
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iCapital Options announced the successful closure of a $21.6 million proprietary bridge loan dedicated to the acquisition and renovation of a 208-unit, one- and two-bedroom garden-style apartment community in Dallas, TX. The sponsor, a recurring...
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December 05, 2023, 07:00 AM
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EBSC Lending provided Apex Financial with $41.7 million in short-term first mortgage debt to acquire a portfolio of 9 office/industrial/flex buildings located in Miami, Florida.Apex plans to convert the obsolete industrial properties to both single...
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November 21, 2023, 06:00 AM
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Cambridge Realty Capital provided a $2,140,900 first mortgage loan to refinance Wells Point Lodge located in Pflugerville, Texas. Anthony Marino, Cambridge Managing Director, reported that the fully-amortized, 35-year loan was provided for the owner...
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November 20, 2023, 06:00 AM
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Hilco Real Estate has added Alan Shaw as Executive Vice President of the organization and Co-CEO of its Real Estate Asset Management division. Shaw's appointment further signals HRE's commitment to expanding its offerings and depth of experience....
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November 15, 2023, 08:00 AM
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Briar Capital Real Estate Fund closed a new $13.8MM real estate acquisition loan to a foreign owned, start-up company in the green energy space. Having identified a large, heavy industrial facility in Southeast Texas to house its US manufacturing...
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November 09, 2023, 06:00 AM
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WeWork announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial...
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November 07, 2023, 08:07 AM
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Jones Lang LaSalle (JLL) amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. The borrowing capacity will be $3.3 billion and the new five-year term extends the maturity from April 2026 to...
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November 06, 2023, 07:52 AM
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First Citizens Bank's Commercial Real Estate business provided $44 million in construction financing to Greek Real Estate Partners ('GREP') — a leading New Jersey-based, vertically-integrated real estate firm focused on industrial development — to...
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November 03, 2023, 08:00 AM
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Briar Capital Real Estate Fund closed a new $10 million Debtor-in-possession (DIP) loan to a chemical manufacturer in Houston, TX. Using the company’s manufacturing plant and excess land as collateral, Briar Capital provided a DIP loan facility to...
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November 02, 2023, 07:21 AM
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Regions Financial announced that, following a 34-year career in the financial services industry, Ward Cheatham will retire as head of Corporate Specialized Banking and a member of Regions’ Executive Leadership Team at the end of 2023. Regions’...
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October 27, 2023, 08:15 AM
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Michael Burden and Al Williams have joined Gordon Brothers, the global asset experts, as Co-Heads of North America Real Estate Services. Burden and Williams will lead the growth and expansion of Gordon Brothers’ real estate services platform...
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October 19, 2023, 08:00 AM
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Crayhill Capital Management announced the closing of a $50 million capital facility with E2M Ventures ("E2MV"), a real estate investment firm focused on middle market debt and equity.The facility is expressly designed to facilitate E2MV's ability to...
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October 18, 2023, 07:52 AM
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Phoenix American announced its new fund administration relationship with real estate debt fund sponsor Great Oak Funding. Phoenix American will support the Great Oak Funding Finance VII offering with the company’s industry-leading investor services...
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October 06, 2023, 07:11 AM
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Greystone, a leading national commercial real estate finance company, has launched a preferred equity and joint venture advisory and production group, to be led by Matthew Zisler, Senior Managing Director. The equity platform is intended to provide...
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October 04, 2023, 07:40 AM
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Värde Partners, a leading global alternative investment firm, announced it has raised nearly $1.5 billion for asset-based lending opportunities through The Värde Asset Lending Fund II and related accounts and co-investments. The firm received support...
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September 29, 2023, 08:10 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in...
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September 15, 2023, 07:42 AM
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Global Net Lease announced that a consortium of banks have provided an indicative commitment to KeyBank, in its capacity as lead arranger and administrative agent under a confidential mandate letter executed in favor of the Company, to provide...
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September 01, 2023, 07:45 AM
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B. Riley Real Estate, subsidiary of B. Riley Financial, served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the...
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September 01, 2023, 07:00 AM
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Arixa Capital Advisors announced the launch of a $100MM strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and...
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August 25, 2023, 07:55 AM
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Briar Capital Real Estate Fund closed a new $3.8MM+ commercial real estate loan in Georgia to a manufacturer of wood products for the arts and craft industry. The initial transaction was an owner buyout of a family member with a simultaneous new...
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August 24, 2023, 07:27 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida. The financing was provided to a joint venture...
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August 16, 2023, 07:06 AM
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Walker & Dunlop provided $108.8 million in financing for Park Chelsea, a premium 429-unit apartment building in Washington, DC.The Walker & Dunlop multifamily finance team was led by Brendan Coleman and Connor Locke. Park Chelsea is owned by WC Smith...
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August 14, 2023, 07:41 AM
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BHI announced that it has closed a $10 million revolving line of credit for AM West, a Medipower Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with...
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August 11, 2023, 08:00 AM
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Oxford Finance announced that its Healthcare Real Estate Group closed a strong first half of 2023, providing total capital commitments of approximately $200 million in six transactions.As increasing interest rates and challenges in the traditional...
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August 08, 2023, 07:30 AM
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Flatbay Capital funded a $1.7MM bridge loan to a Houston, Texas-based provider of private fiber-optic connections to cities, municipalities, and educational institutions across the state. The commercial real estate loan was secured by an...
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August 08, 2023, 07:00 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on campus medical office building...
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August 01, 2023, 07:14 AM
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Armory Group announced that Steve Moore joined the compan as a new Managing Director and Head of Real Estate Services. Based out of the New York office, Moore brings over 20 years of experience in real estate and capital markets, mergers and...
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July 26, 2023, 07:12 AM
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PlattPointe Capital arranged a permanent loan for a portfolio of 12 commercial condominiums that total approximately 30,000 SF of retail and commercial space at the base of the popular ski resort, Aspen Highlands in Aspen, CO. Owned by a local...
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July 24, 2023, 07:23 AM
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Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief...
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July 21, 2023, 07:33 AM
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BHI closed a $50 million capital call line of credit facility for Naftali Shaked Partners II LP (“NSP II”). The financing provides a one-year line of credit that the fund will deploy for ongoing acquisitions.NSP II with leadership by Naftali Credit...
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July 20, 2023, 07:18 AM
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First Citizens Bank's Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production...
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July 13, 2023, 07:35 AM
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Flatbay Capital funded a $1,000,000 owner-occupied commercial real estate bridge loan for a family-owned roofing company based in Central Texas. The company offers roof repairs, full roof replacement, modified bitumen, and metal roofing.The...
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July 13, 2023, 07:00 AM
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Service Properties Trust entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower’s option. Interest paid on drawings under the...
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July 07, 2023, 07:55 AM
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Peer Street and its affiliated companies (“PeerStreet”) announced that on Monday, June 26, 2023, they filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware....
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July 03, 2023, 08:03 AM
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BHI provided a $65,340,000 construction loan to NuVerse Advisors LLC to finance the development of 30-55 Vernon Boulevard, located in Astoria, Queens, New York.Upon completion, 30-55 Vernon Boulevard will be a nine-story ground-up mixed-use...
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July 03, 2023, 08:00 AM
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BHI closed a $90 million capital call line of credit facility for Yellowstone Real Estate Investments. The financing provides a one-year line of credit that the company will employ for ongoing property acquisitions. Headquartered in Manhattan...
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June 30, 2023, 07:30 AM
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First Citizens Bank's Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, N.Y. The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a new...
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June 22, 2023, 07:30 AM
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BHI provided a $6 million loan to refinance 1444 Drexel Avenue, Miami Beach, Florida. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic improvements and upgrades.Located in...
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June 20, 2023, 06:00 AM
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Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson closed on the initial tranche of loans as part of a $5.7 billion loan portfolio acquisition from...
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June 12, 2023, 08:02 AM
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BHI provided a $29.25 million loan to ZDJ Jamaica LLC. Funds from this loan will finance the construction of 138-45 Jamaica Avenue, located in Jamaica, Queens.Upon completion, 138-45 Jamaica Avenue will be a seven-story ground-up mixed-use...
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June 09, 2023, 07:06 AM
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Ellington Financial, a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment, a real estate investment trust that invests primarily in...
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May 30, 2023, 07:36 AM
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Riemer & Braunstein announced that Meghann Salamasick joined the firm as a partner in its Chicago office. Salamasick is an experienced real estate finance attorney who brings to the firm a broad range of experience representing institutional and...
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May 22, 2023, 07:40 AM
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Walker & Dunlop arranged $140 million in loan proceeds to facilitate the refinancing of Soho Beach House, a private members club and hotel located in Miami Beach, FL.Walker & Dunlop's Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Ari...
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May 22, 2023, 07:02 AM
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Briar Capital Real Estate Fund closed a $8.95 million real estate loan for a family-owned OEM of drivetrain and powertrain assemblies in Michigan. Briar Capital’s real estate loan was closed in conjunction with a total debt and operational...
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May 22, 2023, 05:06 AM
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Flatbay Capital’s latest funding is a $2.5 million Owner-Occupied CRE Bridge Loan for a headquarters in Austin, Texas.Founded in 2019, our client is the 100% owner of the company’s real estate and operating entities. The commercial building is...
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April 28, 2023, 06:00 AM
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First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of...
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April 20, 2023, 07:40 AM
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Wells Fargo Corporate & Investment Bank (CIB), announced that Rachel Goldin Jinich will lead Specialty Real Estate Finance (SREF) within its Commercial Real Estate (CRE) group and oversee all SREF teams, including Hospitality Finance, Seniors Housing...
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April 11, 2023, 07:52 AM
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Credit Partners, originated a loan to acquire Terminal Logistics, a newly developed 185,000 SF industrial condominium located adjacent to JFK International Airport.The loan was made to a...
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April 10, 2023, 07:45 AM
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Flatbay Capital funded a $4,300,000 commercial real estate loan for a research and development, engineering, and testing company that supports the energy industry.In business for 20 years, the client was faced with its most challenging year yet. The...
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April 07, 2023, 07:00 AM
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First Citizens Bank announced its Healthcare Finance group, part of the CIT division, has provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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March 31, 2023, 07:46 AM
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Essex Capital Group arranged a $19,400,000 debt facility to fund the acquisition and renovation of an existing Hilton Garden Inn hotel located in central Florida. The debt financing was a part of an overall $27.0 million acquisition and renovation of...
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March 30, 2023, 07:10 AM
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Apollo Commercial Real Estate Finance closed two financing facilities, including one asset backed facility and one revolving credit facility.The first facility is a master repurchase agreement with Banco Santander, S.A. New York Branch. The facility...
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March 07, 2023, 07:33 AM
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BHI closed the refinancing of a $30 million loan for a senior living facility with 199 beds in Davie, Florida. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus...
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March 01, 2023, 07:00 AM
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Knighthead Funding provided a local developer with $75 million in financing for the construction of a 182-unit condominium development in the South Lamar section of Austin, TX.Situated on an 80,900-square-foot site at 2323 South Lamar Blvd., just...
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February 23, 2023, 07:34 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. The portfolio consists of an...
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February 23, 2023, 07:08 AM
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Mesa West Capital, the private U.S. real estate credit arm of Morgan Stanley Investment Management, raised ~$1.37 billion for Mesa West Real Estate Income Fund V, L.P. (“Fund V” or the “Fund”), exceeding Mesa West’s original $1.0 billion fundraising...
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February 14, 2023, 07:00 AM
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EagleBank provided $25,000,000 in construction financing to The Community Builders (TCB) and Dantes Partners for a 142-unit “100% affordable” multifamily project located at 610 Park Road, NW, Washington, DC – part of the larger Park Morton and Bruce...
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February 13, 2023, 07:35 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, South Carolina. The treatment...
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February 09, 2023, 07:36 AM
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Stonehill, a commercial real estate direct lender, completed $1.2 billion in investments for 2022 through loan originations and commercial property assessed clean energy financing ("CPACE"), primarily in the hospitality and retail sectors, with $813...
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February 03, 2023, 08:00 AM
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First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A...
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February 03, 2023, 07:48 AM
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SolaREIT, a solar real estate investment fund, successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $15 million of liquidity, and will allow SolaREIT™ to...
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February 01, 2023, 07:41 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, has provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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February 01, 2023, 07:12 AM
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Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $191MM in seniors and healthcare financing during Q4 2022. Featured among the transactions are bridge loans for a Skilled Nursing Facility (“SNF”) Portfolio in Florida and a...
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January 30, 2023, 07:08 AM
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Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in rural communities, completed $80 million in financing for Lane Regional Medical Center in Zachary, Louisiana.The loan package, guaranteed...
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January 23, 2023, 07:39 AM
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Greystone, a leading national commercial real estate finance company, announced Rich Martinez has been promoted to Head of Production, Agency Lending, after joining the firm in 2022 as Executive Managing Director, Multifamily Sales & Production. In...
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January 23, 2023, 07:00 AM
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Walker & Dunlop closed a $200 million incremental loan under its senior secured term loan facility. The incremental term loan bears interest at a rate equal to adjusted Term SOFR plus 3.00% per annum and matures in December 2028. JP Morgan served as...
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January 13, 2023, 07:28 AM
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First Citizens Bank announced that its Middle Market Banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, a leading investor in and operator of self-storage facilities, marinas, and...
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January 12, 2023, 07:43 AM
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BHI provided an $80 million construction loan to 200 East 20th St LLC. Owned by the Tidhar Group affiliate, the 200 East project is a development of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood...
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January 12, 2023, 07:36 AM
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KBRA released a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the December 2022 servicer reporting period. The delinquency rate among KBRA-rated U.S. CMBS rose 8 basis points (bps) in December 2022 to...
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January 03, 2023, 08:00 AM
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D.A. Davidson’s Special District Group, a nationally recognized team of capital market professionals, closed $48 million in Commercial Property Assessed Clean Energy (CPACE) financing for Black Rock Mountain Resort in Wasatch County, Utah. Building...
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December 29, 2022, 07:50 AM
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SAB Capital closed a sale-leaseback to facilitate a leading North American Signage Manufacturer’s acquisition of regional commercial printer in Tampa, FL. The sale-leaseback represented a significant portion of the capital stack required to finance...
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December 21, 2022, 07:23 AM
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance business provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical...
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December 15, 2022, 07:16 AM
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Global real estate investment company Kennedy Wilson announces that its real estate debt investment platform surpassed $3 billion in originations in just over two years, with a strong pipeline of new origination opportunities heading into...
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December 14, 2022, 07:00 AM
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Walker & Dunlop announced plans to borrow an incremental $200 million under its senior secured term loan agreement, increasing the total outstanding principal balance to $795 million. The Company will use $115 million of the proceeds to refinance...
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December 13, 2022, 07:51 AM
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Sharon Haggard has joined Gordon Brothers as Senior Director focused on deals and origination to strengthen real estate and retail capabilities in North America and drive multi-disciplined growth. Haggard is focused on originating, structuring and...
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December 12, 2022, 09:00 AM
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Northeast Bank announced that since September 30, 2022, the Bank has purchased or entered into agreements to purchase primarily commercial real estate loans in the amount of unpaid principal balance of up to $1.16 billion. The Bank’s commercial real...
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December 09, 2022, 07:38 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced it is the lead bank in a $93 million construction loan to support the Innes Redevelopment Project, with the development...
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December 08, 2022, 07:58 AM
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Hildene Capital Management, a $12 billion credit-focused asset manager, entered into a strategic relationship with CrossCountry Mortgage (“CCM”), one of the largest retail residential mortgage originators in the U.S., and CrossCountry Capital, LLC...
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December 02, 2022, 07:00 AM
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EagleBank, one of the largest community banks in the Washington, D.C. area, provided $50,400,000 in acquisition and renovation financing to Insight Property Group and AHC Inc. for a 259-unit “affordable rent” multifamily property, Haven Reston...
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November 30, 2022, 07:00 AM
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Centerspace announced that on November 22, 2022, it closed on a $100 million term loan with PNC Bank as administrative agent. The loan currently bears interest at a floating rate of 1.20% to 1.75% over the Secured Overnight Financing Rate, or SOFR...
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November 29, 2022, 07:46 AM
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Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to Epum Holdings (“Epum”) in the structuring of a senior secured revolving credit facility with initial loan proceeds of $25 million and the ability to...
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November 23, 2022, 07:56 AM
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M&T Bank appointed Sam Bluso to lead the bank's new Institutional Real Estate Group focused on expanding M&T's corporate real estate business. As Head of Institutional Real Estate for M&T, Bluso will rely on his 25 years in the real estate capital...
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November 22, 2022, 07:53 AM
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iTrade Investments arranged a $47,750,000 construction loan (Non-recourse, with standard bad boy carveouts) for the development of an apartment project located in Phoenix, Arizona. The project will feature 236 units across 11 buildings. This Class A...
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November 21, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $34 million in financing to a joint venture between i.Park and Great Point Media for the development of the Lionsgate Warburton Studios, an entertainment...
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November 17, 2022, 07:00 AM
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Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent (“BTR”) communities throughout the United States.The...
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November 16, 2022, 07:00 AM
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One Liberty Properties entered into an amendment to its $100 million credit facility which extends the facility through December 2026, increases the amount available to be borrowed for renovation and operating expense purposes to the lesser of $40...
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November 11, 2022, 07:00 AM
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Briar Capital Real Estate Fund closed a $7.9 million commercial real estate loan to a precast concrete products company located in Florida who had been dealing with supply chain issues and material shortages as a result of COVID. Pressured to leave...
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November 03, 2022, 07:43 AM
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Talonvest Capital, a boutique self storage and commercial real estate advisory firm, along with its longtime client, 1784 Holdings, announced the closing of a $34 million bridge loan secured by a Class A self storage facility in Hawthorne, CA. The...
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November 03, 2022, 07:00 AM
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Redbrick LMD secured a $142.5 million loan to finance the construction of The Douglass, a 750-unit residential building at the Bridge District that includes approximately 40,000 square feet of retail and 80 affordable units. The Bridge District is a...
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November 02, 2022, 07:36 AM
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The F-Tranzacts Group provided a $31.5 million loan to RSF Holdings, LLC for a mixed-use redevelopment project, built in 1947, the five-story property has been shuttered since 2012 when it was vacated by the American Red Cross. It is now fully...
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November 02, 2022, 06:00 AM
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Citizens announced that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and...
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October 27, 2022, 07:51 AM
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Modiv Inc., an internally managed real estate investment trust (“REIT”) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its...
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October 27, 2022, 07:14 AM
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Flagship Healthcare Trust, (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.The $265 million senior secured credit facility...
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October 21, 2022, 07:47 AM
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Gordon Brothers has acquired a 98,157-square-foot research and development building for $24.5 million in a joint venture with Ciminelli Real Estate Corporation. The 7.11-acre property at 2 Edgewater Drive in Norwood, Massachusetts features office and...
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October 19, 2022, 07:46 AM
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance business provided $39.25 million in financing for the acquisition of a portfolio of seven medical office buildings and dialysis centers in Texas, Georgia, Washington and...
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October 19, 2022, 07:45 AM
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Regions Bank and subsidiary Sabal Capital Partners, a diversified commercial real estate lender, announced the hiring of Jason Scott as managing director and head of Conventional Loan Production for the companies.In this role, Scott will oversee...
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October 17, 2022, 07:44 AM
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Utz Brands, a leading U.S. manufacturer of branded salty snacks, announced that the Company’s subsidiaries Utz Quality Foods, LLC (“UQF”), Kennedy Endeavors, LLC (“Kennedy”) and Condor Snack Foods, LLC have entered into a new real estate senior...
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October 13, 2022, 07:45 AM
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Ares Management announced that it held the final closing of its Ares U.S. Real Estate Fund X, L.P. (“U.S. X” or the “Fund”) on September 30, 2022. U.S. X was oversubscribed with $1.8 billion of commitments relative to its $1.5 billion target and is...
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October 11, 2022, 07:52 AM
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Gordon Brothers and TAGeX Brands, one of the nation’s largest liquidation resources for restaurants, food service operators, supermarkets and convenience stores, have formed a strategic alliance to provide comprehensive real estate and equipment...
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October 07, 2022, 08:00 AM
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H.I.G. Capital announced that Managing Directors Michael Mestel and Steven Schwartz have been promoted to Co-Heads of H.I.G. Realty Credit Partners. H.I.G. Realty Credit Partners has originated over $3 billion of loans in 33 investments since its...
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September 28, 2022, 07:58 AM
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SMBC, a member of SMBC Group, led and closed a $1.28 billion financing for QTS Realty Trust, LLC (“QTS”) to design and construct a new state-of-the-art data center campus. SMBC acted as the Sole Coordinating Lead Arranger, Sole Bookrunner, Green Loan...
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September 28, 2022, 07:27 AM
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Cambridge Realty Capital Companies provided a $22,267,500 HUD Lean loan to refinance The Views at Marion, a 112-bed mixed-use facility located in Marion, IA. Andrew L. Erkes, Cambridge President, said the fully amortized, 40-year loan was provided...
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September 26, 2022, 06:00 AM
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance business provided $50.8 million to Seavest Healthcare Properties, LLC for the refinancing of Providence Family Wellness Center and Medical Office Building. Providence...
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September 14, 2022, 07:15 AM
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iMedia Brands selected B. Riley Real Estate as Advisor to manage and complete its sale-leaseback process for one or more of its owned properties. The Company is targeting a Q4 closing date.The Company is marketing its two buildings located in Eden...
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September 13, 2022, 07:18 AM
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Greystone, a leading national commercial real estate finance company, announced that Lance Wright has joined as a Managing Director in Dallas, TX. In this role, he will focus on the origination of multifamily and commercial real estate loans across...
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September 12, 2022, 07:35 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, provided construction loans totaling $84.5 million to Strategic Land Ventures (SLV), a vertically integrated real estate...
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August 30, 2022, 07:55 AM
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Genesis Bank launched Genesis Bank Exchange, the Bank’s 1031 exchange division. Genesis Bank Exchange will serve as a Qualified Intermediary to facilitate Section 1031 exchanges of like-kind investment and business real property, will hold client...
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August 30, 2022, 07:00 AM
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F&F Capital Group, an innovative investment firm specializing in real estate, technology, and aviation investments, named Kevin McKenzie as its new Chief Investment Officer. The F&F family office, where McKenzie will be based, was established by...
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August 22, 2022, 07:00 AM
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Knighthead Funding provided a local investor with a $31 million first mortgage loan to refinance a 210,000-square-foot suburban Class A office building at 1085 Morris Avenue in Union, NJ. The building had served as the headquarters of Elizabethtown...
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August 22, 2022, 06:00 AM
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Gladstone Commercial Corporation amended, extended and upsized its syndicated revolving credit and term loan facility from $325 million to $480 million. The term loan component was upsized by $135 million, while the revolving credit facility was...
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August 19, 2022, 07:14 AM
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Matin Roshan joined real estate merchant bank Dekel Capital as vice president focusing on originating, structuring and executing debt and equity transactions across all property types, announced company founder and Managing Principal Shlomi Ronen....
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August 16, 2022, 07:00 AM
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Citizens' Commercial Real Estate Finance team led a $67.3 million construction loan to Trinitas Ventures for the development of a new 286-unit, 750-bedroom student housing project near the University of Central Florida in Orlando, Fla. Citizens is...
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August 11, 2022, 07:00 AM
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CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion. The Joint Lead Arrangers and Joint Bookrunners for the transaction were Wells Fargo Securities, BofA...
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August 09, 2022, 07:00 AM
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The July 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second...
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August 08, 2022, 07:48 AM
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Hersha Hospitality Trust, owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced the Company closed on the refinancing of a $500 million Senior Secured Credit Facility and the closing of the first tranche of six of the...
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August 05, 2022, 07:35 AM
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M&T Bank announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking. Hired by the Corporate & Investment Bank ("CIB"), Orrino will be focused on...
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August 02, 2022, 07:49 AM
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CIT, a division of First Citizens Bank, announced its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, Florida.The Park at Napoli is a multifamily apartment...
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August 02, 2022, 07:30 AM
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Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July....
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August 01, 2022, 07:42 AM
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Apple Hospitality REIT successfully refinanced its primary unsecured credit facility, further enhancing the strength and flexibility of its balance sheet. The Company entered into an amendment and restatement of its existing unsecured $850 million...
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August 01, 2022, 06:00 AM
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A&G Real Estate Partners was named “Real Estate Restructuring Firm of the Year” at Global M&A Network’s 14th Annual Turnaround Atlas Awards. The July 21 announcement marked the third consecutive year in which the Melville-based advisory firm has...
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July 28, 2022, 07:40 AM
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Amerisource Business Capital closed and funded a $3,500,000 real estate term loan facility for a Texas-based electrical services firm. The proceeds were used to provide working capital for the company’s growth. Daniel Martinez, Regional Market...
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July 27, 2022, 07:49 AM
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Bay Point Advisors provided a $31.4 million loan to Kirkland Development to finance the opening of an eight-story, 138 room waterfront Hotel Indigo in Vancouver, WA. The hotel will feature an indoor atrium with a glass ceiling, the city’s first...
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July 27, 2022, 07:46 AM
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Amerisource Business Capital closed and funded a $10,000,000 ABL revolver on A/R and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck, and aerospace component part designer and manufacturer. Andy Allaire, Senior...
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July 26, 2022, 07:45 AM
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JB Capital, an alternative credit manager investing in areas of the market underserved by traditional banks, announces its partnership with Taylor Street for JB Capital’s Real Estate Lending Income Fund. The Fund provides solutions-oriented capital...
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July 26, 2022, 07:28 AM
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Forum Capital Advisors, a Denver-based real estate investment and asset management firm, closed on approximately $66 million in senior and subordinated debt financing supporting the development of a to-be-built Class A, 252-unit multifamily building...
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July 26, 2022, 06:00 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has provided a $61.7 million construction loan to The Michaels Organization (Michaels), a national leader...
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July 21, 2022, 07:56 AM
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The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for The Lumiere, a 336-unit multifamily community located in Metairie, Louisiana, a sub-metro region of New...
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July 21, 2022, 07:20 AM
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M&T has launched its new Commercial Real Estate Innovation Office, an integrated team focused on building comprehensive solutions for commercial real estate (CRE) clients. The CRE Innovation Office aims to creatively connect financial products to...
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July 20, 2022, 08:02 AM
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Crayhill Capital Management closed a $100 million credit facility with Fort Amsterdam Capital, a New York-based, vertically-integrated real estate lender. The facility will be collateralized by both land and commercial real estate properties in the...
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July 19, 2022, 07:35 AM
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Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, financed $297.6MM in seniors and healthcare financings during Q2 2022. Featured among the transactions are bridge loans for Daughters of Miriam Center, Riverfront Rehabilitation...
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July 18, 2022, 07:33 AM
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Slate Asset Management, a global alternative investment platform focused on real estate and infrastructure, announced that Slate Real Estate Capital, the private credit business of Slate, has provided a $61.25 million senior loan facility to Slate...
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July 18, 2022, 07:29 AM
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Värde Partners closed $747 million in U.S. commercial real estate (CRE) loans across 16 transactions in the first half of 2022. The transactions span multifamily, hospitality, office, and industrial assets throughout the U.S.“Despite headwinds...
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July 12, 2022, 07:40 AM
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Concord Capital Partners announced that Samuel Landman has joined the firm as Chief Investment Officer. The commercial real estate veteran will work on the acquisition, financing, and disposition of real estate assets to help drive the firm’s...
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July 08, 2022, 07:09 AM
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Gordon Brothers, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million. The property is located at 3 Riverside Drive...
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June 30, 2022, 07:41 AM
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TD Bank provided a $28 million loan to Dantes Partners, the Delta Housing Corporation of D.C. (DHCDC) and Gilbane Development Company for the complete renovation of a multi-housing community located in a rapidly evolving Washington, D.C....
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June 22, 2022, 07:00 AM
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Knighthead Funding provided a $37.6 million first mortgage loan to refinance the 204-key Marriott TownePlace Suites hotel in downtown Nashville, TN. The five-year, non-recourse loan refinances the in-place construction loan.
Opened in October 2020...
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June 21, 2022, 07:37 AM
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Saxum Real Estate closed a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA.The current sites, both within opportunity zones, are poised to become two Class-A...
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June 15, 2022, 07:28 AM
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CIT, a division of First Citizens Bank, has added seasoned real estate pro Ted Dalton as a Managing Director in its Real Estate Finance group. Dalton is based in New York and will operate as a senior relationship manager driving new business...
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June 08, 2022, 07:30 AM
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Signature Bank announced the appointment of its Corporate Mortgage Finance (CMF) Group. The CMF group provides financing solutions for a range of mortgage-related collateral across Signature Bank’s national footprint. The Signature Bank CMF Group is...
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June 02, 2022, 08:00 AM
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Cambridge Wilkinson ("CW") closed a $100MM credit facility for a long track record Real Estate Asset Manager that currently has more than 90,000 acres of land and manages over $3 billion of real estate assets. This facility will be used to purchase...
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May 25, 2022, 07:45 AM
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CBRE Group announced new executive leadership responsibilities, effective immediately.Bob Sulentic, CBRE’s President and Chief Executive Officer, said: “The new responsibilities we are announcing today play to each executive’s unique strengths and...
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May 23, 2022, 07:56 AM
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Haven Realty Capital (Haven) in joint venture with funds managed by Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home purpose-built single family rental housing community in Chattanooga, TN. The...
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May 20, 2022, 07:08 AM
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Stonehill, a direct lender on commercial real estate, announced the expansion of its leadership team with four senior executive hires. Joining the organization are Daniel Siegel, Greg Koenig, Nisu Mehta and Taylor Pike. The addition of these leaders...
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May 19, 2022, 08:04 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $30 million for the acquisition of an apartment complex in Phoenix, Arizona. The Madison Grove Apartments is a 171-unit multifamily complex located in...
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May 19, 2022, 07:28 AM
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Dwight Capital closed over $227.2MM in real estate financings during April. Featured among Dwight’s transactions are HUD loans for Highland Ridge Apartments and Harbor Heights Apartments, and a bridge loan for 235 Valencia Street.Dwight financed a...
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May 12, 2022, 07:46 AM
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Clifford Chance is advising Watermark Lodging Trust, Inc. (WLT) on its proposed US$3.8 billion merger with private real estate funds managed by Brookfield. WLT is a publicly registered, self-managed, non-traded real estate investment trust (REIT)...
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May 11, 2022, 06:00 AM
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BankUnited hired Nate Seymour as market executive, southeast commercial real estate banking, based in the bank’s new Atlanta wholesale banking office.Seymour joins the newly installed team in Atlanta charged with delivering BankUnited’s...
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May 10, 2022, 07:00 AM
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Blackstone announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of its Real Estate business in Canada. Ms. Lin’s leadership experience and deep knowledge of the Canadian market will...
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May 09, 2022, 07:45 AM
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JB Capital, an alternative credit manager investing in areas of the market underserved by traditional banks, launched its Real Estate Lending Income Fund. The Real Estate Lending Income Fund (The Fund) is the next iteration in JB Capital’s commitment...
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May 04, 2022, 07:45 AM
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BHI announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products. As part of its growth, BHI has appointed two new executives to its CRE team. David Jeddah has joined the bank as Vice President and...
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May 04, 2022, 07:40 AM
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JLL Income Property Trust, an institutionally managed daily NAV REIT with $6.3 billion in portfolio assets has secured a $1 billion credit facility with a syndicate of nine market-leading real estate lenders. The credit facility contains a $600...
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May 04, 2022, 07:37 AM
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eCapital Corp., a leading finance provider for businesses across North America and the UK, announced the acquisition of CNH Finance, a Connecticut-based, specialty finance company focused on the healthcare industry.The deal, which closed Monday, May...
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May 03, 2022, 08:00 AM
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Second Avenue Group, a full-service, institutional quality single-family rental platform ("SFR"), announced that Monroe Capital committed approximately $250 million to its investment platform through a mix of debt and equity capital.The commitment...
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April 29, 2022, 07:52 AM
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Briar Capital Real Estate Fund closed a $3.5MM commercial real estate bridge loan for a troubled property located in Phoenix, Arizona. The property, which had been vacant since the onset of COVID-19, sustained fire damage during the vacancy period...
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April 27, 2022, 07:00 AM
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INDUS Realty Trust, a U.S. based industrial/logistics REIT, amended and restated its Credit Agreement, dated August 5, 2021, to increase the size to $250 million with the addition of a new $150 million delayed draw term loan with a term of five years...
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April 26, 2022, 07:19 AM
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Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2023. The key terms of the amendment include:
The revolving credit facility commitments...
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April 18, 2022, 07:46 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh, Pennsylvania. The industrial distribution...
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April 14, 2022, 07:34 AM
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BizCap successfully structured and secured $8.7 million in financing for 55th Crossing, a 300+ acre residential real estate development located in Minot, North Dakota. The 55th Crossing development will provide a variety of housing types, including...
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April 12, 2022, 07:33 AM
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Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced Adam Sklaver and Phil Kates joined the firm as senior vice presidents specializing in property...
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April 08, 2022, 07:00 AM
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QuadReal Property Group (“QuadReal”) closed its $2.5 billion senior unsecured bank credit facility with sustainability-linked performance targets (“SLL Facility”). The company amended and extended BCI QuadReal Realty’s (“BQR”) existing credit...
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April 04, 2022, 07:30 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of Massachusetts. The Heights at Haverhill, located...
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April 01, 2022, 07:44 AM
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Phoenix American, a full-service fund administration provider for alternative investment funds, has published a new white paper examining the current state of the Commercial Real Estate industry and the prospects of its various sectors for the coming...
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March 31, 2022, 07:40 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided a $29.9 million loan for the acquisition of a portfolio of industrial buildings in Greater Chicago by Aminim Group. The portfolio consists of three...
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March 29, 2022, 07:35 AM
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Cambridge Wilkinson ("CW") closed an $80MM debt facility for a long track record real estate sponsor in the Southeast United States. This bridge and construction facility will be used to develop a multi-family development on a 600-acre master plan...
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March 18, 2022, 07:00 AM
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Chicago Atlantic Real Estate Finance led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million...
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March 16, 2022, 08:00 AM
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KKR appointed Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States.In the newly created role, Ms. Wright leads the development of a dedicated services platform to support...
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March 14, 2022, 07:50 AM
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CBRE Group announced a decision to discontinue most of its business in Russia in response to the horrific attack on Ukraine. The company has begun the process of exiting its office in Moscow, which provides leasing, investment, property management...
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March 08, 2022, 07:55 AM
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ACRES Capital originated a $34 million loan to fund the construction of The Rose at Great Neck Condominiums in Great Neck, N.Y. The Property will comprise 40 luxury condominium units for sale on three stories. It will also include 80 garage parking...
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March 08, 2022, 07:00 AM
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Greystone announced that David Sebastian has joined the firm as a Senior Managing Director. In this role, Sebastian will work with Greystone’s senior leadership team to enhance and expand the firm’s presence in the affordable housing capital markets....
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March 07, 2022, 06:00 AM
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Sharestates, a real estate technology platform designed to support and accelerate the redevelopment of residential housing, recently closed a new $100 mllion warehouse line of credit led by funds managed by the Credit Group of Ares Management...
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March 04, 2022, 07:55 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center...
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March 04, 2022, 07:40 AM
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Briar Capital Real Estate Fund announced its expansion into the Midwest market with the hiring of Jill Kirshenbaum as Senior Vice President of Business Development. Based in Chicago, Kirshenbaum is responsible for developing and maintaining...
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March 02, 2022, 06:41 AM
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Partners, originated a loan to finance The Paxton, a 43-story mixed-use development located in Downtown Brooklyn, New York.The Property is nearing completion with an anticipated opening in...
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February 28, 2022, 07:41 AM
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Yieldstreet, a leading digital alternative investment platform dedicated to providing access to exclusive private market opportunities, announced the launch of its Growth & Income REIT giving investors greater access to the booming...
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February 25, 2022, 07:49 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona.Oceana Apartments, which was acquired by 29th Street Capital...
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February 25, 2022, 07:39 AM
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Amerisource Business Capital announced the closing and funding of a $3,000,000 real estate term loan facility for a Texas-based custom pool and tiny home manufacturer. The proceeds were used to provide working capital to support the Canadian...
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February 24, 2022, 07:33 AM
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Diversified Healthcare Trust amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. The key terms of the amendment include:
DHC has extended the maturity date of its...
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February 24, 2022, 07:11 AM
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington, and Arizona. The loans supported a joint...
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February 24, 2022, 07:05 AM
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Slate Asset Management, a global alternative investment platform focused on real estate and infrastructure, announced that Slate Real Estate Capital, the private credit business of Slate, has provided a $46.35 million senior loan facility to...
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February 23, 2022, 06:00 AM
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KKR Real Estate Finance Trust announced the closing of KREF 2022-FL3, a $1.0 billion managed Commercial Real Estate Collateralized Loan Obligation (“FL3 CRE CLO”) on February 10, 2022. The FL3 CRE CLO finances two mortgage loans and 14 pari passu...
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February 22, 2022, 07:03 AM
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Ares Management Corporation announced that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction...
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February 17, 2022, 07:58 AM
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A&G Real Estate Partners’ portfolio optimization of gift and stationery retailer Paper Source earned it a share of the “Distressed M&A Deal of the Year-Middle Markets” award at Global M&A Network’s 13th Annual Turnaround Atlas Awards Ceremony. The...
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February 10, 2022, 06:00 AM
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TIAA Bank's Commercial Real Estate (CRE) business enjoyed a record year in 2021, as its customized financing solutions and growth focus spurred an 83% increase in the bank's overall CRE volume.Many of the nationwide loan originations focused on the...
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February 07, 2022, 08:05 AM
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RXR, a leading owner, operator, and developer of real estate, with a proven history in structured finance investment, and Hudson Reality Capital (Hudson), a fully integrated commercial real estate lender with broad experience in origination, due...
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February 07, 2022, 07:50 AM
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Stonebriar Commercial Finance closed a $69 million financing for the repositioning of vacant industrial real estate. This 85 percent loan-to-cost mortgage financed both the purchase and redevelopment of a single industrial asset into two separate...
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February 02, 2022, 07:00 AM
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Chicago Atlantic Real Estate Finance funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC ("Sanctuary") to support their retail and cultivation expansion in Florida.Headquartered in...
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January 28, 2022, 07:30 AM
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Ares Management Corporation announced that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track...
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January 26, 2022, 07:08 AM
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Värde Partners closed $946 million in U.S. commercial real estate (CRE) loans across 14 transactions in the fourth quarter of 2021. In total, Värde’s CRE lending platform originated over $2.7 billion in 2021, spanning hospitality, office, multifamily...
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January 25, 2022, 08:05 AM
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White Oak Real Estate Capital (“WOREC”) originated $145.75 million of loan transactions in the multi-family and self-storage sectors in the fourth quarter of 2021. These announcements follow WOREC’s launch in July 2021.The deals within the...
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January 21, 2022, 08:00 AM
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Capital One provided a $34.0 million SOFR-based floating-rate bridge loan for the acquisition of ReNew Carmichael, a 197-unit apartment community in Carmichael, California, a suburb of Sacramento. The sponsor, Trion Properties, is a Los Angeles-based...
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January 20, 2022, 07:00 AM
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Atalaya Capital Management announced the final close of its inaugural real estate private equity fund, Atalaya Commercial Real Estate Fund I ("ACRE"). The fund closed with more than $100 million, including commitments from new and existing investors...
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January 11, 2022, 07:45 AM
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Chicago Atlantic Real Estate Finance acted as sole lender on a new senior secured credit facility for MEDfarms LLC, a vertically integrated operator in Michigan.“We are extremely excited to support Brandon and MEDfarms, provide accretive capital to...
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January 04, 2022, 07:00 AM
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Ares Management Corporation, announced that funds managed by the Ares Real Estate Group have closed on the acquisition of two portfolios consisting of 75 industrial properties totaling 11.9 million square feet. The properties were purchased from two...
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December 29, 2021, 07:11 AM
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ACRES Capital Corp., a leading commercial real estate middle-market lender, has originated a $15.9 million loan to fund the acquisition, renovation, and combination of Hart’s Camp and Cape Kiwanda RV Resort in Pacific City, OR.Located on the Oregon...
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December 27, 2021, 06:00 AM
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J.P. Morgan Global Alternatives announced the appointment of Raphael Gonzales as a Managing Director and Senior Investment Specialist across commercial mortgage loans, infrastructure debt and direct lending. Mr. Gonzalez brings over two decades of...
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December 15, 2021, 08:05 AM
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Tiger Finance closed on $17 million in growth financing for an East Coast industrial real estate investment and development firm.Over the past five years, the company has acquired more than $400 million in Class A to C industrial assets—with an...
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December 15, 2021, 08:00 AM
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Walker & Dunlop structured $36,000,000 in financing for , a 64-unit, luxury multifamily property located in the burgeoning neighborhood of Bushwick in Brooklyn, New York. With over 14,000 rentable square feet of retail space, the property was built...
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December 06, 2021, 07:43 AM
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Walker & Dunlop structured $160,000,000 in financing for Sawyer Place, a recently-built, Class A multifamily building located in the burgeoning neighborhood of Yonkers, New York. Completed in 2020, the property consists of two connected towers...
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November 19, 2021, 07:00 AM
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PlattPointe Capital arranged the refinancing of a $12,000,000.00 loan for Club Greenwood (formerly Greenwood Athletic Club). The expansive 153,000 square foot, 33-year-old athletic and tennis club is Denver’s preeminent full-service health club...
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November 17, 2021, 07:00 AM
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H.I.G. Capital ("H.I.G."), announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance Pier 33 (the “Property”), a 286-unit, newly-developed, Class A, apartment complex located along the Cape Fear River in Wilmington, North...
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November 16, 2021, 07:14 AM
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Lument provided a $23.4 million proprietary bridge loan to fund the acquisition and renovation of The Park at Netherley Apartments, a 294-unit multifamily community located in Union City, Georgia, a southeastern suburb of Atlanta. The sponsor is...
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November 12, 2021, 07:44 AM
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Seven Hills Realty Trust entered into an agreement for a $100 million note on note financing facility with BMO Harris Bank, which it may use to leverage its commercial mortgage loan investments. Loans issued under the financing facility will be...
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November 12, 2021, 07:10 AM
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Simi Capital (SC), a real estate investment firm focused on various equity and debt strategies, announced the acquisition of a Long Island industrial property for $15 million in partnership with Cerberus Capital Management.Simi Capital’s newest...
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November 12, 2021, 07:00 AM
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Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’...
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November 11, 2021, 07:03 AM
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The October 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third...
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November 09, 2021, 07:50 AM
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KKR announced that KKR Real Estate Select Trust Inc. (“KREST”) has expanded its industrial real estate portfolio with two new acquisitions, including KREST’s first international investment. In separate transactions with two different sellers, KREST...
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November 08, 2021, 07:09 AM
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CBL Properties successfully completed its Chapter 11 reorganization. CBL emerged with a significantly improved capital structure, greater financial flexibility and a lowered cost of capital, positioning the company with a much-improved balance sheet...
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November 03, 2021, 07:30 AM
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Amerisource Business Capital closed and funded a $2,000,000 real estate term loan for a Tennessee-based manufacturing facility. Daniel Martinez, Regional Market Manager for Amerisource, stated: “The Company was at the end of their loan term with a...
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November 02, 2021, 07:39 AM
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Getty Realty entered into a Second Amended and Restated Revolving Credit Agreement (the “Credit Agreement”) with a group of existing and new lenders that amended and extended the Company’s existing $300 million senior unsecured revolving credit...
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October 29, 2021, 06:00 AM
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Simi Capital Group (SCG), a real estate investment firm focused on various equity and debt strategies, announced the $19 million acquisition of a Staten Island industrial property in partnership with Cerberus Capital Management, a global leader in...
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October 25, 2021, 07:17 AM
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Cushman & Wakefield and Greystone will enter into a strategic joint venture to deliver best-in-class advisory services and capital solutions to existing, joint and new clients of both firms nationwide. Under the terms of the agreement, Cushman &...
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October 21, 2021, 07:37 AM
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Briar Capital Real Estate Fund provided a new $6.75MM real estate term loan to a toy manufacturer and distribution company located in the Northeast United States. The COVID Pandemic had created challenges with the company’s retail distribution...
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October 14, 2021, 07:00 AM
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SG Credit provided a $3.5 million High Net Worth Guarantor Loan to a single-asset real estate holding company owned by a high net worth technology executive (“the Guarantor”). The Guarantor agreed to acquire a lakefront residential land parcel in an...
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October 13, 2021, 07:21 AM
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KKR announced the final closing of KKR Real Estate Partners Americas III (“REPA III” or the “Fund”), a $4.3 billion fund dedicated to opportunistic real estate investments primarily in the U.S. In conjunction with dedicated funds raised in Asia and...
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October 04, 2021, 08:10 AM
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White Oak Real Estate Capital ("WOREC") provided a $28.45 million senior secured loan to 1784 Capital Holdings for the development of a Class-A self-storage facility in the city of Goleta, California. The deal marks the business’ first loan since...
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September 29, 2021, 08:00 AM
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BHI announced that its Healthcare Group has provided $31.1 million to Lionstone Care for the acquisition of an assisted living and memory care facility in Southern New Jersey. The facility has 110 units and is licensed for 130 beds. Amenities at...
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September 28, 2021, 07:04 AM
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Gordon Brothers and Jones Lang LaSalle Incorporated (JLL) have expanded their strategic alliance to offer integrated services to businesses operating in Spain and Portugal that are going through change or transformation. The alliance covers the...
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September 27, 2021, 07:49 AM
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JLL announced its Capital Markets group arranged $381 million in construction financing for the development of Bronx Logistics Center, a Class A, two-story last-mile distribution facility totaling 1.3 million square feet in the Bronx, New York.JLL...
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September 20, 2021, 07:10 AM
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CIT Group's Real Estate Finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, California. The 276-unit multifamily complex is being acquired by TIG Devonshire...
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September 17, 2021, 07:48 AM
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CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $67.5 million loan to The Roxborough Group and AWH Partners to acquire Hotel Villa Florence in San...
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September 17, 2021, 07:37 AM
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KKR and Cornerstone Companies announced that Cornerstone and KKR have entered into a joint venture to acquire and develop a portfolio of diversified healthcare properties across the United States. KKR and Cornerstone have seeded the portfolio with...
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September 16, 2021, 07:54 AM
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Stonebriar Commercial Finance closed a $64.5 million construction-to-permanent real estate financing with a premier real estate developer. This 85% loan-to-cost mortgage will finance the development of a triple-net, build-to-suit property for a...
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September 15, 2021, 06:00 AM
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Ares Management Corporation announced today John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling...
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September 07, 2021, 07:10 AM
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Axylyum, is a market creator and leader in providing portfolio-wide secure engagement options to Retail and Wholesale Lenders that allow for an immediate repurchase of Lenders' defaulted loans. Through their exclusive product, AXY Wrap™, Axylyum...
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September 03, 2021, 07:34 AM
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KKR announced the formation of Strategic Lease Partners (“SLP”), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate. KKR’s investment, primarily from its credit and real estate funds, will position the platform...
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August 26, 2021, 07:52 AM
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NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower...
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August 25, 2021, 08:00 AM
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance the remaining construction and lease-up of The Mark at Denton and The Mark at Weatherford (the “Properties”), a 316-unit and a 355-unit apartment...
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August 25, 2021, 07:00 AM
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Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, closed a $350 million amended and restated senior unsecured credit facility to replace its existing $350 million senior unsecured...
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August 24, 2021, 06:00 AM
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KKR Real Estate Finance Trust announced the closing of KREF 2021-FL2, a $1.3 billion managed Commercial Real Estate Collateralized Loan Obligation (“FL2 CRE CLO”) on August 16, 2021. In conjunction with this transaction, the Company called KREF...
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August 19, 2021, 07:00 AM
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CIT Group's Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles. Via Del Lago is planned as a 135-unit multifamily apartment complex in...
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August 13, 2021, 07:45 AM
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INDUS Realty Trust announced INDUS, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP as guarantors, have entered into a secured revolving credit facility of up to $100 million, replacing both the Company’s...
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August 06, 2021, 07:34 AM
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Stan Johnson Company, one of commercial real estate's leading investment sales brokerage firms, announced the launch of a new affiliate debt services company, Four Pillars Capital Markets. The new firm will provide debt and equity financing solutions...
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July 27, 2021, 07:58 AM
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White Oak Global Advisors announced that it has brought on Eric Tanjeloff as Managing Principal to lead White Oak Real Estate Capital (“WOREC”), a newly formed affiliate focused on credit opportunities in commercial real estate. WOREC will initially...
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July 26, 2021, 08:38 AM
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CIT Group announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC. Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, Texas, primarily occupied by...
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July 22, 2021, 07:51 AM
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Bayview Asset Management, a leading investment management firm focused on investments in mortgage and consumer credit with ~$15 billion in AUM, announced the launch of the Bayview PACE (“Bayview PACE”) business line today (a division of Silver Hill...
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July 21, 2021, 06:46 AM
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Old Hill Partners recently provided a $7 million senior secured term loan secured by water rights in the Western U.S. Old Hill financed a real estate developer looking to warehouse water resources for a planned development project. The financing...
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July 13, 2021, 07:50 AM
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Artes Capital, a portfolio lender specializing in bridge and construction financing across commercial real estate assets and residential homebuilding in the Western United States, acquired a new credit line from Western Alliance Bank. The credit line...
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July 13, 2021, 07:31 AM
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Capital One provided a $13 million Fannie Mae loan to refinance La Corona del Mar, a 107-unit apartment community in San Pedro, California. Kristen Croxton and Greg Reed, Senior Vice Presidents in Capital One Agency Finance’s office in Newport Beach...
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July 13, 2021, 06:00 AM
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Wells Fargo's Corporate & Investment Bank (CIB), appointed Nipul Patel to lead Real Estate Banking (REB) within its Commercial Real Estate (CRE) group, effective July 15. In this role, Patel will oversee balance sheet lending for office, multifamily...
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July 12, 2021, 07:00 AM
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Adding its third D.C.-based partner in less than a month - and its eighth lateral partner in a year - Stroock continues to enhance service offerings for clients with the addition of Steven R. Schneider.
Schneider counsels clients on tax...
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July 12, 2021, 07:00 AM
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Acadia Realty Trust closed on a $700 million amended and restated credit facility, which replaces the Company’s existing $600 million credit facility. The amended and restated credit facility provides for an increase in the Company’s existing...
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July 06, 2021, 07:17 AM
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Rexford Industrial Realty exercised the accordion option of the Company's existing unsecured revolving credit facility and increased the borrowing capacity by $200 million from $500 million to $700 million. All other material terms and conditions of...
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July 06, 2021, 07:08 AM
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Greystone announced that Alison Coen has joined as a Senior Managing Director in the firm’s CMBS lending group, based in New York. In this role, Ms. Coen will focus on CMBS loan production.With 25 years of relevant CRE industry experience, Ms. Coen...
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June 29, 2021, 07:39 AM
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance the lease-up of 3880 N. Mission (the “Property”), a 39-acre, 1.5 million square foot site with 1.2 million square feet of distribution and warehouse...
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June 29, 2021, 07:00 AM
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Greystone announced that Eliav Dan has joined Greystone’s Commercial team as a Senior Managing Director, based in Los Angeles. In this role, Mr. Dan will focus on structured large loan originations, CMBS, balance sheet lending, and Greystone Agency...
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June 22, 2021, 07:00 AM
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CIT Group's Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida. The 264-unit multifamily complex known as the Lola Apartments was completed in 2018. Amenities...
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June 18, 2021, 07:47 AM
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Pacific Oak Capital Advisor, a sponsor of real estate-focused alternative investment programs, announced the closing of two credit facilities, providing up to $120 million in financing for single-family rental properties.An affiliate of MetLife...
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June 16, 2021, 06:00 AM
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Washington Prime Group Inc. announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas....
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June 14, 2021, 07:38 AM
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ACORE Capital announced that Kyle Jeffers and Tony Fineman have been promoted to Co-Heads of Origination. In this role, Jeffers and Fineman will oversee all of ACORE’s origination activities and report directly to Co-Chief Executive Officers Warren...
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June 10, 2021, 07:09 AM
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BHI arranged $102.7 million in construction financing for Naftali Group’s latest development at 1165 Madison Avenue, a new 13-story luxury condominium on Manhattan’s Upper East Side. The borrower is the Naftali Group, developer of the project. BHI...
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June 03, 2021, 07:00 AM
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Greystone appointed Marc Fox as Chief Financial Officer. Based in New York, Fox will serve an integral role on the executive leadership team at Greystone. Bruce Bolick, who has served as CFO for over 12 years, will transition the role to Fox and...
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June 02, 2021, 07:24 AM
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Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced the purchase of an industrial development site located at 11002 Northwest S. River Drive in Medley, FL. The 8.5-acre property is part of a larger 25-acre Superfund site which has...
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June 02, 2021, 07:20 AM
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JLL Income Property Trust, an institutionally managed daily NAV REIT with more than $3.6 billion in portfolio assets and 86 properties, has secured a $650 million credit facility with a syndicate of eight market-leading real estate lenders. The...
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May 28, 2021, 07:38 AM
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Steve Emerson has announced the formation of Dry Creek Capital Partners, a special situations investing group formed to provide a platform for investments in debt obligations of distressed commercial real estate and small business debt. Dry Creek...
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May 27, 2021, 07:57 AM
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Värde Partners, a leading global alternative investment firm, announced the closing of a commercial real estate collateralized loan obligation (CRE CLO). This is the firm’s fourth and largest CRE CLO, and eighth securitization of commercial real...
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May 27, 2021, 06:10 AM
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Greystone provided a $16,376,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 168-unit multifamily community in Pensacola, Florida. The fixed-rate, 12-year loan with six years of interest-only payments and a 30-year...
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May 27, 2021, 06:04 AM
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According to the VTS Office Demand Index (VODI), while the momentum in demand growth for office space slowed slightly in the past month, April marked the fourth consecutive month when demand for office space nationally continued to recover, getting...
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May 26, 2021, 08:00 AM
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Greystone and MONTICELLOAM announced their intention to combine their senior housing and healthcare lines of business under a new joint venture. The joint venture is anticipated to become a leading one-stop-shop provider of capital finance products...
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May 25, 2021, 08:02 AM
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Greystone announced that Rob Russell has been appointed head of Greystone Special Servicing. As President of this group, Mr. Russell will focus on its continued growth and will further integrate special servicing with Greystone’s existing primary...
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May 24, 2021, 07:42 AM
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”), a leading real estate...
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May 24, 2021, 07:34 AM
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White Oak Healthcare MOB REIT acquired a Class-A Medical Office Building in the Atlanta metropolitan area. The Class-A medical office building is primarily leased to Emory Specialty Associates, a subsidiary of Emory Healthcare and Emory University...
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May 21, 2021, 07:49 AM
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KKR announced the launch of KKR Real Estate Select Trust Inc. (“KREST” or the “Fund”), a continuously offered, registered closed-end fund. KREST intends to invest primarily in thematically-driven, income-generating commercial real estate, prime...
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May 20, 2021, 07:33 AM
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Independence Realty Trust announced that its operating partnership, Independence Realty Operating Partnership, LP, closed on a new 5-year $200 million term loan. KeyBank was the Administrative Agent and KeyBanc Capital Markets, Capital One and...
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May 19, 2021, 07:10 AM
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CIT Group's Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is...
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May 14, 2021, 07:44 AM
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On May 10, 2021, Timbercreek Financial Corp. entered into an amendment to its existing revolving credit facility to, among other things, extend the term of the facility for an additional sixteen and a half months to May 10, 2023 and amend the...
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May 14, 2021, 07:27 AM
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Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions arranged a $24.48 million non-recourse loan to provide cash-out and refinance a 207-unit multifamily property in Hialeah...
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May 14, 2021, 07:24 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a portfolio of three medical office buildings in Bakersfield, California. The medical office building portfolio includes more...
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May 07, 2021, 07:33 AM
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Grocers need to reexamine how their real estate will function in the post-pandemic world, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in an April 26 opinion piece for Progressive Grocer. While many chains performed...
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May 03, 2021, 07:00 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas.The Sugar Creek Health Center, an 84,646-square-foot medical office building...
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April 23, 2021, 07:08 AM
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TrueRate, a debt placement marketplace that optimizes the commercial real estate lending experience by creating true markets in real time, announced its public launch into the market. With a number of the top lenders in the United States as partners...
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April 21, 2021, 07:27 AM
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Värde Partners closed $309 million in U.S. commercial real estate loan originations in the first quarter of 2021. The six transactions span multifamily, office, and hospitality assets across four states and the District of Columbia.“In an environment...
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April 15, 2021, 07:00 AM
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Commercial real estate industry leaders continue to acknowledge the effects of the COVID-19 pandemic on various asset classes, while expressing increased optimism for both current and future market conditions for the remainder of 2021, according to...
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March 05, 2021, 07:26 AM
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Dwight Capital closed in excess of $635MM in financings (including Interest Rate Reductions) in January. Featured among Dwight’s closings are HUD loans for Legends Cary Towne, SOVA on Grant Apartments, Infinity at Centerville Crossing and Cascades...
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February 17, 2021, 07:18 AM
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The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months.“Although industry professionals know more about how COVID-19 affects demand for...
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November 12, 2020, 08:05 AM
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The COVID-19 pandemic has hit the North American commercial real estate market hard according to a report from Preqin. Private equity real estate (PERE) fundraising reached a peak in 2019, as funds secured $83 billion, and seemed to be set to match...
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August 11, 2020, 09:00 AM
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Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its research report titled "COVID-19 Impacts on Commercial Real Estate: Rising Defaults and...
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April 27, 2020, 09:06 AM
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BankFinancial NA (“the Bank”), the national banking association subsidiary of BankFinancial Corporation announced the expansion of BankFinancial Commercial Real Estate Capital Markets. BankFinancial Commercial Real Estate Capital Markets recently...
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February 18, 2020, 08:42 AM
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Talks at a retail CEO summit highlighted the dynamism of global retailing—at least among chains that ramp up their efficiency and push to reinvent themselves, said Peter J. Lynch, a Los Angeles-based Principal at A&G Realty Partners.
“Bankruptcies...
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February 28, 2019, 07:13 AM
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JLL, a property consultancy company and Gordon Brothers announced a strategic alliance to elevate both firm’s services for retailers and their investors. The alliance will support all retailers, growing or challenged, with the most comprehensive set...
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February 06, 2019, 07:27 AM
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Scottsdale-based YAM Capital has closed a $42 million loan for a hospitality property in the heart of downtown Chicago. The national real estate bridge lender specializes in asset-based commercial real estate financing, and this recent deal included...
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January 09, 2019, 07:17 AM
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Metropolitan Commercial Bank announced the appointment of Mark S. Wancier as head of commercial real estate (CRE) effective immediately. He will report to Scott Lublin, Executive Vice President and Chief Lending Officer. Wancier will be responsible...
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November 15, 2018, 07:00 AM
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Walker & Dunlop, Inc. announced that it has closed on the refinance of its senior secured seven-year term loan. The refinance launched at $250 million but was increased to $300 million due to strong demand from institutional investors. The term loan...
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November 08, 2018, 07:15 AM
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An abundance of capital, solid economic fundamentals, and favorable demographics will continue to buoy commercial real estate, though each sector is facing some headwinds. Companies can gain competitive advantage by focusing on mixed-use properties...
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November 05, 2018, 08:01 AM
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LaSalle Investment Management announced it has entered into an agreement to make a majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors. The transaction is subject to customary closing conditions...
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November 05, 2018, 08:00 AM
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Greystone, a commercial real estate lending, investment and advisory company, has hired Jennifer Cherney as a Managing Director as part of its ongoing effort to expand the firm’s lending operations across the Northwest. Based in Seattle, WA, Cherney...
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October 16, 2018, 07:10 AM
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Fairway America, an authority on Small Balance Real Estate (SBRE) expands into commercial mortgage banking with the creation of a new company, Fairway America Commercial Finance, LLC (FACF). Trent Brown has been selected to run FACF to coordinate all...
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October 12, 2018, 08:00 AM
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Miller Canfield has announced that Matthew Steele has rejoined the firm to open an office in Cincinnati. The new office will complement the Firm's presence in Cleveland and continue its strategy of expansion in Ohio and the broader Great Lakes region...
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September 24, 2018, 07:29 AM
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Capital One announced that it has provided a $50 million Fannie Mae 10-year fixed-rate loan to Allmark Properties to refinance a portfolio of six apartment communities. Totaling 538 units, they are located in Rancho Cucamonga, a city in the Riverside...
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September 05, 2018, 07:00 AM
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Capital One announced that it has provided a $178.3 million Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property located in Menlo Park, California. The loan was closed through Fannie Mae’s Near-Stabilization loan program by...
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August 23, 2018, 07:07 AM
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Capital One announced that it has closed a four-year, $200 million senior secured credit facility for Harvest Commercial Capital, LLC (Harvest), an SBA 504 and conventional small business mortgage lender affiliated with Harvest Small Business Finance...
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August 01, 2018, 07:00 AM
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Sabal Capital Partners, LLC, a diversified financial services firm specializing in commercial real estate, lending and investing, announced today that it has recently signed definitive agreements for the acquisition of a majority interest in the...
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July 17, 2018, 07:18 AM
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Capital One announced today that it served as administrative agent, sole lead arranger, and sole bookrunner for a $142.5 million senior secured term loan. The sponsor, a joint venture partnership between Taurus Investment Holdings and Venture One...
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July 03, 2018, 07:04 AM
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A reliance on spread revenue and narrow business models can present a credit challenge for banks concentrated in commercial real estate (CRE) lending relative to more diversified regional banking peers, Fitch Ratings says. Interest rate risk from...
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June 11, 2018, 07:18 AM
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Gemspring Capital, a middle-market private equity firm, is pleased to announce an affiliate has acquired a controlling interest in and provided additional growth capital to A10 Capital, LLC, a provider of middle-market commercial real estate loans....
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May 04, 2018, 07:16 AM
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The effect of Toys 'R' Us' announcement that it will close all 735 of its stores on CMBS transaction TRU Trust 2016-TOYS is a prime example of how retail pressures can affect credit outcomes and how CMBS transactions can avoid risks, says Fitch...
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April 12, 2018, 08:00 AM
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Capital One announced that it served as administrative agent, lead arranger, and bookrunner for a $81.2 million loan to a newly formed joint venture between Sentinel Real Estate Corporation and Bahrain Mumtalakat Holding Company. The borrower used...
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March 09, 2018, 07:12 AM
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SL Green Realty Corp., New York City's largest commercial property owner, announced that it has refinanced, extended and expanded its unsecured corporate credit facility by $217 million, to $3.0 billion.The 5-year funded term loan component of the...
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November 27, 2017, 07:35 AM
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Natixis originated a $40.0 million floating-rate loan to a joint venture between Camber Real Estate Partners, Advance Realty and an institutional investor to acquire 19 Chapin Road, a four-building, 529,110 square foot light industrial campus. The...
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November 16, 2017, 07:00 AM
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Capital One announced that it provided a $46.3 million bridge loan to Brandywine Investment Group, an affiliate of Delle Donne & Associates, to finance the recent acquisition of the AstraZeneca North Campus in Wilmington, Delaware. Jeff Wallace...
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August 29, 2017, 07:00 AM
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Citizens Bank announced that Citizens Commercial Banking closed and led the financing on two deals with The JBG Companies. These included a $49 million loan to refinance Georgetown Center on Wisconsin Avenue in Washington, D.C., and a $41 million...
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May 11, 2017, 07:15 AM
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Wells Fargo & Company announced Gary Orr has been tapped to head its Real Estate Specialty and Commercial Real Estate Services groups within Wells Fargo Middle Market Banking, effective immediately.In his new role, Orr, who is based in Sacramento, CA...
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November 23, 2016, 07:12 AM
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A period with ample sources of capital, very low cap rates and high valuations has set the stage for commercial real estate in 2016, but the impact of coming regulations is yet to be factored in. Nonetheless, as long as there are only gradual...
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June 09, 2016, 07:17 AM
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FTI Consulting announced the further expansion of its Capital Markets practice within the firm’s Real Estate & Infrastructure industry group with the appointments of Eric Hamermesh as Managing Director and Sam Khazary as Director. In addition, Senior...
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December 17, 2015, 07:48 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $19 million senior secured loan to Hayden Maguire Real Estate Fund I, LP, a commercial real estate investment fund that acquires and repositions office, industrial and mixed-use...
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December 09, 2014, 07:11 AM
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The looming maturity of large numbers of commercial mortgage-backed securities (CMBS) is a signal to borrowers and professionals involved in commercial loans to be prepared for a potential crisis, according to the November edition of the ABI Journal....
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November 24, 2014, 07:36 AM
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Amalgamated Bank has named Carisa Stanley a First Vice President of Commercial Real Estate, responsible for growing Amalgamated’s business in the Washington, D.C. metropolitan area. Stanley previously served as a Vice President of Commercial Real...
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November 11, 2014, 07:09 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $55 million senior secured loan to MIM-Hayden Real Estate Fund I, LP, an investment fund sponsored by Hayden Real Estate Investments and Miller Investment Management. The financing was...
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November 05, 2014, 06:49 AM
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Capital One Bank today introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity. The announcement marks the next stage in Capital One’s...
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June 03, 2014, 06:42 AM
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Houston has become the latest commercial banking region for First Tennessee Bank, which is growing in selected markets in addition to its home state of Tennessee. Long-time Houston banker Gary Olander will be the Houston market president for First...
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April 04, 2014, 07:11 AM
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Middle-market commercial real estate executives are expressing cautious optimism toward the market and are looking to take advantage of long-term investment opportunities. However, the majority are finding that the current tax and regulatory climate...
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December 13, 2013, 09:05 AM
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