First Citizens Bank's Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an...
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EBSC Lending provided $26.2 million in financing for a 41-unit affordable seniors housing complex located in Michigan. The borrower, nonprofit owner-operator will use the proceeds to refinance existing debt and fund capital improvements and preserve...
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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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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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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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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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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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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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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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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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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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Mirate Equity announced its latest endeavor in supporting urban development projects with the approval of a significant multi-family loan for Northern Builder LLC. The multi-family loan, totaling $27.5 million, is earmarked for the construction of a...
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B. Riley Securities served as the Lead Left Bookrunner in connection with Landsea Homes Corporation's recent $32.5 million secondary offering. B. Riley led the sale of 2,800,000 shares of the Company’s common stock at a public offering price of...
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iCapital Options, a private lending firm, recently closed two bridge loan transactions totaling $26.6 million, aiding the acquisition and expansion of self-storage and multifamily properties.The first loan, valued at $14.6 million, fueled the...
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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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SSG Capital Advisors served as the investment banker to one of the funds of St. Cloud Capital LLC, the senior secured lender of Renters Warehouse, a United States-based single-family home rental services platform. SSG provided debt advisory services...
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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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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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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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Mirate Equity announced a significant loan approval for May Construction LLC, a pioneering firm in the Real Estate sector. This strategic alliance signifies a transformative moment for both entities as they unite to propel growth and expansion...
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Monroe Capital, on behalf of its investment funds, has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix...
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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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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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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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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, provided the Melrose Affordable Housing Corporation (MAHC) with a 30-year, $500,000 commercial mortgage loan. The MAHC is a local...
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February 01, 2024, 07:43 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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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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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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iCapital Options, a Sacramento-based lender, announcced the completion of 23 successful transactions throughout the year. These loans, strategically secured by commercial real estate, span prominent locations such as California, Texas, New York...
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December 27, 2023, 07:00 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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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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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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Deer Park Road Management Company announced the launch of a closed-end fund focused on legacy, non-agency residential mortgage-backed securities ("RMBS"), Deer Park Mortgage Opportunity Fund I (the "Fund"). The Fund will invest in RMBS with the...
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November 03, 2023, 05:00 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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Greystone announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency’s 2023 fiscal year ending September 30, 2023. During this period...
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October 16, 2023, 07:00 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Ryman Hospitality Properties, a leading lodging and hospitality real estate investment trust (“REIT”) that specializes in upscale convention center resorts and leading entertainment experiences, successfully completed a series of refinancing...
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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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Habi, the leading residential technology company in Spanish-speaking Latin America, entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.This financing is...
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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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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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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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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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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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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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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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SC&H Capital has been retained as the exclusive investment banker to seek a buyer for Trinity Regional Hospital Sachse, LLC (“TRHS”).TRHS is a newly constructed, turnkey facility located off the President George Bush Highway in Sachse, TX, a...
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January 25, 2023, 07:00 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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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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VICI Properties, an experiential real estate investment trust, announced that VICI has agreed to provide up to $350 million in mezzanine loan financing to a partnership between Fontainebleau Development, LLC, a builder, owner, and operator of luxury...
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December 29, 2022, 07:46 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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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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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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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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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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Citizens' Commercial Real Estate Finance team provided a $133.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens is Sole Lead...
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September 14, 2022, 07:41 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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Pathway Homes, a real estate platform, entered into a secured credit facility in the aggregate amount of $225 million, with Bank of America, acting as Administrative Agent and Sole Lead Arranger. This is Pathway's inaugural credit facility and...
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September 09, 2022, 07:49 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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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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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties.The borrower, Aminim Group, acquired the portfolio of...
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August 17, 2022, 07:30 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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Bloomfield Capital closed a $13.0 million senior bridge loan, which provided the capital necessary for the acquisition of two adjacent industrial buildings totaling 230,000 square feet in greater Indianapolis, IN. The Sponsor required immediate...
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August 08, 2022, 04:00 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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American Homes 4 Rent, a leading provider of high-quality single-family homes for rent, and Värde Partners, a leading global alternative investment firm, entered into a land banking facility agreement. This facility provides $500 million in initial...
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Mobile Infrastructure Corporation, a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, completed a $75 million revolving credit facility with KeyBank to refinance certain of the...
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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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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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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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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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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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Harbor Custom Development announced the closing of a senior secured revolving credit facility with BankUnited. The facility will provide the Company with a $25 million capacity over a two-year term."The closing of this $25 million facility provides...
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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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Citizens' Commercial Real Estate Finance team is leading a $300 million construction loan to Atlanta-based Agile Cold Storage for the construction of new cold storage facilities as the company expands nationally. Citizens is Lead Left Arranger and...
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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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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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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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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided financing for the acquisition of the Morada Plano Apartments in Plano, Texas.Built in 2019 and 2020, the Morada Plano Apartments is a 183-unit...
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February 11, 2022, 07:00 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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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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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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Ares Commercial Real Estate Corporation entered into an agreement to increase its existing Term Loan from $60.0 million to $150.0 million, reduce the all-in pricing from LIBOR plus 5.75% to an initial fixed rate of 4.50% and extend the initial...
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November 15, 2021, 07:52 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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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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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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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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Physicians Realty Trust, a self-managed healthcare real estate investment trust, announced that it entered into a third amended and restated credit agreement (the "Credit Agreement"), extending the maturity date of the Credit Agreement from September...
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September 29, 2021, 07:45 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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Cambridge Wilkinson closed a $110 million debt facility for an institutional caliber Real Estate Family Office. The client is a real estate family office with over $1.3B AUM. The Family focuses on the development and management of Class A multifamily...
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September 27, 2021, 07:29 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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CIT Group's Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas. The facility is a Class-A medical office...
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September 10, 2021, 07:35 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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CIT Group's Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona. The portfolio, acquired by Cypress West Partners...
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September 02, 2021, 07:50 AM
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CIT Group's Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida. The properties comprise nearly 200,000 square feet of...
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August 25, 2021, 07:28 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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Quinn Residences closed a new credit facility with Goldman Sachs Bank USA, which provides the Company with debt capital to facilitate its continued growth."This Facility, together with our recently announced equity commitment upsizing, provides us...
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August 24, 2021, 06:00 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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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers.Based in Milwaukee...
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August 12, 2021, 07:42 AM
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Peerage Realty Partners completed approximately C$175 million (USD$139.2 million), three-year revolving credit facilities.The revolving credit facilities also provide access to additional financing of approximately C$75 million on an uncommitted...
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August 10, 2021, 07:00 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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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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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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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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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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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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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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MONTICELLOAM, LLC and its affiliates, a specialized private real estate and asset-based lender, asset manager and servicer, provided a $70 million, five-year loan to refinance a portfolio of seven skilled nursing facilities, consisting of 953 beds...
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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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CIT Group's Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York. The class A medical office building is located at 902 Quentin Road, Brooklyn....
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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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Greystone provided a $49,575,000 Freddie Mac Optigo® loan for the acquisition of a 484-unit apartment community in Pine Hill, New Jersey. The transaction was originated by Dan Sacks, Managing Director in Greystone’s New York office, on behalf of...
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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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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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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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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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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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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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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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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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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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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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Monroe Capital announced its Opportunistic Private Credit group closed on a $50.75 million mortgage loan to Tricera Capital for the construction and redevelopment of a mixed-use project, The Press, in West Palm Beach. Located on more than 11 acres...
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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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Kilroy Realty Corporation announced that its operating partnership, Kilroy Realty, L.P. amended and restated its unsecured revolving credit facility. The amendment and restatement increased the size of the revolver from $750 million to $1.1 billion...
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American Homes 4 Rent successfully closed a $1.25 billion, sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. The amended revolving credit facility provides for expanded borrowing capacity...
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BHI's Healthcare Group arranged $41,860,000 in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot luxury senior living facility under development in Miami, adjacent to Jackson South Medical Center. BHI has provided...
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CIT Group's Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, Colorado.The buildings, known as Arapahoe Medical Plaza I and II, are located on the campus of Littleton...
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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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CIT Group's Real Estate Finance business served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, located about 40 miles south of downtown...
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CIT Group announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, Nevada. Construction on the SunPoint West facility is expected to begin in...
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Capital One announced its Medical Office team, part of the Capital One Healthcare Real Estate business, closed 43 deals totaling about $2.5 billion throughout 2020. The team funded transactions ranging from $15 million single-asset loans to $1...
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White Oak Healthcare MOB REIT announced the acquisition of seven medical office buildings in five states. The seven assets total 67,110 SF and are 100% leased to Fresenius and DaVita affiliates.The acquisition includes five Fresenius facilities in...
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SG Credit Partners provided a $1.25 million debt facility for a real estate acquisition.
The Company: A single-asset real estate holding company owned by a prominent carwash company in the Midwest. The carwash company is just one subsidiary of a...
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Community Healthcare Trust Incorporated increased its credit facilities to $400 million through its Third Amended and Restated Credit Agreement. Truist Securities, Fifth Third Bank, First Horizon Bank, Huntington National Bank, and Regions Capital...
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SmartStop Self Storage REIT entered into a multi-currency credit facility of up to $500 million with a syndicate of banks led by KeyBank National Association, Wells Fargo, N.A., Citibank, N.A. and Bank of Montreal. The facility consists of a $250...
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Structurally flawed businesses that survived 2020 are in greater danger of imploding in 2021, which could put further pressure on stakeholders in commercial real estate, said Doug Greenspan, a managing director at A&G Real Estate Partners, during a...
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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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Broadmark Realty Capital obtained a new $135 million secured revolving credit facility with a three-year term. JPMorgan Chase Bank acted as administrative agent for the lending group, which included Barclays Bank PLC, Axos Bank, VNB New York, LLC and...
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February 26, 2021, 07:00 AM
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Global Net Lease announced that Barclays has committed $50 million to the Company's revolving credit facility, bringing total commitments to approximately $1.2 billion. The increase in commitments was made, at the request of the Company, pursuant to...
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February 26, 2021, 07:00 AM
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CIT's Real Estate Finance business provided $42.4 million in financing for the construction of the new apartment complex in Nashville, Tennessee, to be known as NOVEL Harpeth Heights by Crescent Communities. The new four-story, 322-unit multifamily...
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February 22, 2021, 06:00 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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CIT Group's Middle Market Banking business arranged $10.1 million in financing for construction of a new owner-occupied office building in Fremont, Nebraska.The borrower, WLG Fremont LLC, will use the financing to construct a 54,000-square-foot...
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February 11, 2021, 07:30 AM
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STAG Industrial increased the capacity of the Company's unsecured credit facility to $750 million and refinanced $300 million of term loan debt. The Company exercised the accordion option of its unsecured credit facility capacity and increased its...
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February 09, 2021, 07:00 AM
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CIT Group's Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings. The borrower is a joint venture between Kayne Anderson Real Estate...
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January 28, 2021, 07:15 AM
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White Oak Healthcare MOB REIT acquired a Class-A Medical Office Building in Henderson, Nevada.The property was built in 2008 and is less than a mile from Dignity Health – St. Rose Dominican Hospital, in Henderson, Nevada, a well-regarded...
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January 25, 2021, 06:00 AM
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Gerber Finance provided an $11 million line of credit to a prominent Brooklyn-based real estate holding company. This is the second deal under Gerber Finance’s new Gerber+ division that services businesses seeking funding ranging from $10 to $25...
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January 19, 2021, 08:17 AM
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Global Private Equity Partners has provided a $408 Million loan facility to an Institutional Real Estate Investor for the acquisition of several Commercial Properties across UK and Western Europe. Global Private Equity Partners was granted 33.3%...
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January 04, 2021, 08:54 AM
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Mesa West Capital has provided a joint venture of CapRock Partners and funds managed by Ares Management Corporation with $134.6 million in first mortgage debt for the construction and lease up of CapRock Tropical Logistics Park, a two-building, 1,128...
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December 15, 2020, 08:25 AM
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Office tenants will be in tough negotiations with landlords for the next two years or more—and that means they need to be strategic about securing concessions that lower their occupancy costs, writes Andy Graiser of A&G Real Estate Partners (A&G) in...
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December 15, 2020, 07:30 AM
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CIT Group announced that its Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex in Winter Park, Florida.The property, owned by Phoenix Realty Group (“PRG”) and its investors and...
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December 01, 2020, 08:00 AM
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CTRL USA has launched a new global fund, seeking to raise at least $3.5 billion for its second private equity-value add fund focused on commercial real estate acquisitions and development.The U.S. private investment company has begun marketing the...
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November 30, 2020, 09:05 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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Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $24 million HUD-insured loan to refinance a 190-unit multifamily property in Chesapeake, Virginia. The transaction was originated by Eric Rosenstock...
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November 04, 2020, 08:00 AM
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CIT Group announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, Wisconsin.IRA Capital acquired the medical campus, consisting of two...
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October 29, 2020, 08:27 AM
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Directed Capital, a national opportunistic real estate finance firm that acquires and strategically repositions commercial mortgage loans, today announced it has closed its tenth flagship fund, raising $92 million in equity commitments that will be...
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September 24, 2020, 09:11 AM
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Brighton Marine, a Veteran network community in Brighton, announced the official opening of a facility that provides 25 units of affordable housing to vulnerable Boston area Veterans.“The City of Boston is incredibly lucky to have a network of...
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September 24, 2020, 09:05 AM
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Commercial real estate investors are raising funds to acquire distressed assets, but they face uncertainty about how Covid-19 will affect the retail, office and hospitality sectors, said Doug Greenspan, a managing director at A&G Real Estate Partners...
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August 21, 2020, 08:55 AM
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Pennsylvania Real Estate Investment Trust (PREIT) announced that it has executed a Secured Term Loan with certain of its existing lenders for up to $30 million, which is in addition to recently executed amendments to its 7-Year Term Loan and 2018...
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August 12, 2020, 08:00 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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Citizens Bank announced that its Community Development Group has provided a $19 million loan to 2601 Poplar OZ, LLC, whose sponsor is Daniel Greenberg, for the acquisition and construction of a new mixed used project at 2601 Poplar St. in...
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August 06, 2020, 09:05 AM
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Amerisource Business Capital announced the closing and funding of a $4,500,000 credit facility for a real estate firm based in Texas. The proceeds are being used to refinance a maturing bank loan.Daniel Martinez, Regional Market Manager for...
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MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $20.20 million in first lien debt financing for the refinancing of two assisted...
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Monroe Capital LLC announced its Opportunistic Private Credit group closed on a $24.5 million mezzanine loan for the development of 300 N. Michigan Avenue in Chicago, Illinois. Monroe partnered with Pearlmark on the transaction. The Sponsor is a JV...
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Monroe Capital LLC announced an increase in the credit facility to ATTOM Data Solutions (ATTOM) to support the acquisition of Home Junction, Inc. ATTOM is an existing portfolio company of Lovell Minnick Partners.Based in San Diego, CA, Home Junction...
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The industrial real estate sector showed significant gains in new redevelopment/redevelopment, building acquisitions and deal activity, according to a report from the Commercial Real Estate Development Association (NAIOP).Industrial real estate...
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Hilco Global has issued a timely and relevant report examining how the COVID-19 pandemic is reshaping the configuration of critical and other care facilities, and what that is likely to mean for hospitals and the broader health care real estate...
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According to Freddie Mac’s Quarterly Forecast, housing markets have been effected by the pandemic with both home sales and house price growth declining.“While the housing market undoubtedly has felt the effects of COVID-19, we are encouraged by...
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Opportunistic real estate investors will increasingly turn to Section 363 bankruptcy sales in the months ahead as they position themselves for the future, said Jeff Hubbard, Senior Managing Director of the Structured Investment Sales Division at A&G...
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iTrade Investments LLC arranged a $26 million Mortgage Loan to Acquire and Renovate a Commercial Property in Newport Beach, California.The property was built in 2001 and they plan on completing the interior and exterior renovations over the next 10...
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CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. today announced a $37.3 million investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex to support low-to-moderate income families in the Watts...
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Greystone, a national commercial real estate lending, investment, and advisory company, has provided $116,439,707 in mission-driven Freddie Mac loans to refinance three separate portfolios consisting of 34 total workforce housing properties in Los...
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Centuria Property Funds Limited (CPFL) as Responsible Entity of Centuria Office REIT has announced it secured an additional seven-year debt facility from Crédit Agricole, which results in a:
weighted average debt maturity increase from 3.4 years...
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When white-collar employees finally return to the work spaces they left behind in March, the buildings they enter may have altogether different layouts and new safety features that suggest a possible paradigm shift in the corporate office market...
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Global real estate investment company Kennedy Wilson has formed a $2 billion platform with Fairfax Financial Holdings Limited that will pursue first mortgage loans secured by high-quality real estate in the Western U.S., Ireland and the U.K.In its...
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Ladder Capital Corp has announced that it has entered into a strategic financing arrangement with Koch Real Estate Investments, LLC, an affiliate of Koch Industries, under which Koch will provide Ladder with approximately $206.4 million in senior...
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Moody’s Analytics announced its new forecasts for commercial real estate (CRE) rents and vacancies, covering eight property types and more than 3,000 submarkets across the US. The forecasts reflect the latest curated Q1 data on US CRE markets...
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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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Greystone, a national commercial real estate lending, investment, and advisory company, has provided a $26,558,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 297-unit multifamily property in Delaware. The transaction...
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Briar Capital Real Estate Fund announced the closing of its largest loan to date, a $14 million real estate term loan for a pipeline service provider to the midstream oil & gas industry located in Houston, TX. Looking to generate liquidity in these...
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Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that its wholly owned subsidiary Kennedy-Wilson, Inc. has extended its existing $500 million unsecured corporate revolving credit facility with a global group of nine...
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Westwood Financial, a leading retail real estate investment firm, announced that it has closed on its inaugural $95 million revolving credit facility.The inaugural facility matures in December 2022, with two, one-year extension options thereafter....
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Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced it has amended and extended its existing $4.0 billion senior unsecured multi-currency revolving credit...
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Healthcare Realty Trust Incorporated (HR) announced that it has agreed to sell $300 million of 2.400% senior unsecured notes due March 2030 in an underwritten public offering. The notes were priced at 99.665% of the principal amount to yield 2.438%...
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Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided a $12,075,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 36-unit multifamily property in Chicago, IL. The...
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Capital One announced that it has provided a $61.25 million Fannie Mae fixed-rate loan to refinance a 500-plus unit apartment community in Northern Delaware. Brian Sykes, Senior Vice President in Capital One Multifamily Finance’s Boston office...
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Kimco Realty Corp. announced that it has closed on a new $2.0 billion unsecured revolving credit facility with commitments from 21 lending institutions, replacing the company’s existing $2.25 billion unsecured revolving credit facility. The new...
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February 28, 2020, 09:00 AM
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MONTICELLOAM, LLC and its affiliates (“Monticello”), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $117 million in first lien debt financing for the acquisition of twelve skilled...
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February 19, 2020, 08:15 AM
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A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter of 2019 capped off what was a strong 2019 for the market, according to preliminary estimates from the Mortgage Bankers Association's (MBA) Quarterly Survey...
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February 11, 2020, 09:05 AM
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SC&H Capital, an investment bank specializing in M&A advisory, announced its client, Bell Mountain Village and Care Center, has completed a going concern sale of its assisted living and skilled nursing facility to Cascadia Real Estate, LLC...
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February 06, 2020, 09:05 AM
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CIT Group announced its newly-acquired Community Association Banking division is launching a new suite of premium reserve accounts for homeowner association deposits. These accounts offer competitive returns and the backing of a surety bond for...
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February 03, 2020, 09:05 AM
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CIT Group Inc. announced its Real Estate Finance business served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, NY...
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January 27, 2020, 08:55 AM
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Capital One served as joint lead arranger, joint bookrunner, and administrative agent for a $430 million, seven-year, senior unsecured term loan facility to Essential Properties Realty Trust. The term loan will mature in November 2026 and has an...
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January 21, 2020, 08:00 AM
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Essential Properties Realty Trust, Inc. announced that the Company has closed a new $430 million seven-year unsecured term loan facility. The term loan will mature in November 2026 and has an accordion feature to increase the facility’s availability...
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December 19, 2019, 08:45 AM
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CIT Group Inc. announced its Real Estate Finance unit provided $36.2 million in financing for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, TX.Park Center, which was acquired by an affiliate of Innovatus Capital...
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December 11, 2019, 08:25 AM
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Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $68,500,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a Section 8 seniors housing property, Capitol Apartments, in...
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December 10, 2019, 08:30 AM
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Greystone, a national commercial real estate lending, investment, and advisory company, announced it has provided a $34,500,000 bridge loan to refinance Lenox Apartments, a 55-unit mixed-use property in Brooklyn, New York. The transaction was...
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November 12, 2019, 08:00 AM
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TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (NASDAQ: TCF), announced it is providing $25 million of financing for a mixed-used project anchored by Cambria Hotel in downtown Detroit. The project, financed by TCF Commercial...
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November 08, 2019, 08:45 AM
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Greystone, a national commercial real estate lending, investment and advisory firm, announced the closing of a $30.3 million bridge loan made to an affiliate of Grubb Properties, Inc.The loan is a 3.5-year, floating-rate bridge loan originated by...
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November 05, 2019, 08:40 AM
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Ribbon announced it has raised $330 million in equity and debt financing, to facilitate the company's expansion into new markets, and accelerate product development efforts. The company, which helps consumers more easily and efficiently buy homes...
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October 30, 2019, 08:50 AM
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People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $57.5 million Credit Facility to ReNew REIT, a privately held healthcare real estate...
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October 17, 2019, 08:55 AM
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CIT Group Inc. announced its Real Estate Finance unit served as lead arranger on $87 million in financing for a portfolio of Storage Rentals of America-branded self-storage facilities.The financing will be used by a fund managed by SROA Capital, LLC...
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October 11, 2019, 08:40 AM
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Configure Partners, LLC, a leading middle market investment bank, is pleased to announce the successful completion of a financing in support of Hidden Harbor Capital Partners’ (“Hidden Harbor”) acquisition of Wehner Multifamily, LLC (“WMF”). WMF is...
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October 11, 2019, 08:00 AM
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CIT Group Inc. announced that its Real Estate Finance division provided a $56 million senior secured mortgage loan for the acquisition and renovation of the Bel Air Las Colinas Apartments, a multifamily complex in Irving, Texas.The property, which...
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October 10, 2019, 08:55 AM
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Greystone, a leading commercial real estate lending, investment, and advisory firm, announced the closing of a $37,050,000 permanent loan made to an affiliate of the Shirian Family’s Lions Group to refinance 14-01 Broadway, a new 82-unit 100%...
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October 08, 2019, 08:45 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Lovell Minnick Partners’ investment in Inside Real Estate.Headquartered in Salt Lake...
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September 26, 2019, 08:55 AM
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Griffin Industrial Realty, Inc. announced that it entered into a new $15.0 million line of credit with Webster Bank, N.A. to provide financing for real estate acquisitions. The Acquisition Credit Line is unsecured, expires on September 30, 2021, and...
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September 25, 2019, 08:45 AM
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CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.The project will be built by a joint venture managed by...
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September 20, 2019, 08:45 AM
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JLJ Capital, a leading provider of creative alternative financing solutions for major real estate projects, has agreed to provide a $57 million loan to 329 LLC for the completion of a strikingly-designed mixed-use 17-story tower at 329 Broadway in...
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September 05, 2019, 08:45 AM
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Plymouth Industrial REIT, Inc. announced it has filled its largest vacancy with the signing of a new lease for 257,962 square feet with Spartan Logistics at 3100 Creekside in Columbus, Ohio. The new three-year lease, which commenced this week, brings...
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August 28, 2019, 08:45 AM
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One of the largest conference and catering centers in the Mid-Atlantic, along with two adjoining food-and-beverage establishments on the Hagerstown property, are being offered for sale for $2 million. A&G Realty Partners is conducting the...
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August 01, 2019, 08:30 AM
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Capital One announced that it has provided a $26.1 million Fannie Mae fixed-rate loan to refinance Crystal Palms Apartments, a 175-unit apartment community in Boca Raton, Florida. Brian Sykes, Senior Vice President in Capital One Multifamily...
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CIT Group Inc. announced that its Real Estate Finance division provided $27.5 million in financing for the acquisition of 4040 Civic Center Drive, a multi-story office building in San Rafael, Calif.The property, which was acquired by Innovatus...
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An affiliate of Mosaic Real Estate Investors has provided BPM Real Estate Group with $460 million in senior construction financing for a one-million-square-foot, mixed-use development in downtown Portland, OR.The 35-story Block 216, which will...
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CIT Group Inc. announced that its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment of The District at Grand Terrace, an apartment complex in San Bernardino County, California.The...
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Healthcare Realty Trust Incorporated announced that it has entered into an amended and restated $700 million unsecured revolving credit facility and an amended and restated term loan that expands the existing $150 million term loan facility to $200...
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Capital One announced that it has provided a $68 million five-year, adjustable-rate, interest-only working capital/term loan to Brandywine Investment Group II, an affiliate of Delle Donne & Associates, to finance the development and repositioning of...
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J.P. Morgan’s Corporate Client Banking and Specialized Industries (CCBSI) Mortgage group continues to improve the warehouse lending process, helping clients drive efficiencies and grow. The business announced that it’s now accepting electronic...
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Independence Realty Trust, Inc. (IRT) announced that its operating partnership, Independence Realty Operating Partnership, LP, closed on a new $350 million unsecured revolving credit facility refinancing the previous unsecured credit facility. The...
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Essential Properties Realty Trust, Inc., announced that the Company has closed an amended and restated $600 million senior unsecured credit facility. The amended and restated credit facility consists of a $400 million unsecured revolving credit...
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Cerberus Capital Management, L.P. announced the close of approximately $5.1 billion of commitments for its global non-performing loan strategy. Cerberus Global NPL Fund, L.P. initially targeted $3.5 billion in commitments and closed approximately...
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CIT Group Inc. announced that its Real Estate Finance division has provided $28.6 million in acquisition financing for The Quay on 17th Street, a shopping center in Fort Lauderdale, Florida.The property, which is being acquired by a joint venture...
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Colliers International Group Inc. announced that it has established a structured accounts receivable facility to further diversify its capital structure. The AR Facility has committed availability of $125 million and includes selected US and Canadian...
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a $96 million term loan to an affiliate of Summit Healthcare REIT, Inc. (Summit)....
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Capital One announced that it served as administrative agent for a $120 million loan to the Durst Organization to provide permanent financing for a Class A office condominium at 855 Avenue of the Americas in New York. The five-floor...
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Coworking providers have established a sustainable position in key global office markets, due to a fundamental and generational shift in office demand trends, and are benefiting the US office REIT sector, according to Fitch Ratings. WeWork, one of...
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CIT Group Inc. announced that its Real Estate Finance division has provided acquisition financing for Nashville City Center, a 27-story office tower in downtown Nashville, Tennessee.
The property, which is being acquired by CapRidge Partners, is...
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Capital One announced that it has provided a $38 million Freddie Mac loan to fund the acquisition of The Dylan, a 208-unit apartment community in Oceanside, California, a city in San Diego County. The sponsor is 29th Street Capital, a privately held...
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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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Multifamily professionals expect the political climate in Washington, D.C. may have a negative impact on the industry in 2019, according to a Capital One survey of over 100 multifamily professionals at the National Multifamily Housing Council’s...
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February 26, 2019, 07:00 AM
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Four Springs Capital Trust announced that it has expanded its current three-year revolving credit facility from $75 million to $125 million, with the ability to increase the credit facility by an additional $75 million to $200 million through an...
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February 22, 2019, 07:14 AM
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CIT Group Inc. announced that its Real Estate Finance division served as the sole lead arranger of a $48.7 million senior secured loan for the acquisition and lease-up of the Ballantine Industrial Center in Newark, New Jersey. The property is being...
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February 22, 2019, 07:12 AM
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Real estate lender Calmwater Capital has provided a $63 million loan to the Relevant Group for construction of the Thompson Hotel in Hollywood. Relevant Group plans to introduce the luxury boutique Thompson Hotel brand to Southern California.
This...
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February 13, 2019, 07:29 AM
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Capital One announced that it provided a $104.4 million adjustable-rate loan to a joint venture between Catalyst Healthcare Real Estate and Bain Capital Real Estate for the acquisition of 21 medical office buildings totaling 531,000 square feet and...
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February 08, 2019, 07:15 AM
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CBL Properties announced that it had closed on a new $1.185 billion senior secured facility, which includes a fully-funded $500 million term loan and a revolving line of credit with total borrowing capacity of $685 million.
“We are pleased to close...
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January 31, 2019, 07:47 AM
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Wells Fargo & Company announced the closing of a $357 million senior loan to Rockpoint Group for the acquisition of One Dag Hammarskjöld Plaza.
One Dag Hammarskjöld is located at 885 Second Avenue in Midtown Manhattan, anchoring the United Nations...
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January 17, 2019, 07:18 AM
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Super G Capital has provided a $3.3 million bridge loan to a privately owned portfolio of commercial and residential real estate totaling $300 million in value.
The client is a successful retail entrepreneur who diversified his wealth into real...
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January 11, 2019, 08:08 AM
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PSEG Power, a subsidiary of Public Service Enterprise Group (PSEG), announced the sale of the sites of its retired Hudson Generating Station in Jersey City/Secaucus and Mercer Generating Station in Hamilton Township to Hilco Redevelopment Partners...
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January 10, 2019, 07:05 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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CIT Group Inc. announced that its Real Estate Finance division provided $31 million in financing toward the acquisition and renovation of a multifamily building in Miami, Florida. The property is being acquired through a joint venture between Mill...
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January 09, 2019, 07:05 AM
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Global Self Storage, Inc., a real estate investment trust (REIT) that owns and operates self storage properties, has entered into a revolving credit facility with TCF National Bank for a principal amount of up to $10 million. The revolving credit...
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January 02, 2019, 07:00 AM
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CIT Group Inc. announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital, a private equity real estate...
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December 14, 2018, 08:05 AM
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Government Properties Income Trust announced that it has amended and restated the credit agreement for its existing $750 million unsecured revolving credit facility.
Prior to the amendment, GOV’s revolving credit facility had a maturity date of...
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December 14, 2018, 07:23 AM
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CIT Group Inc. announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, provided $28.7 million in financing for the acquisition of medical office buildings in Brockton and Haverhill, Massachusetts.
The Brockton...
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December 04, 2018, 07:15 AM
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Pebblebrook Hotel Trust announced that it successfully exercised the accordion feature of its existing senior unsecured revolving credit facility, upsizing the total capacity by $200 million, to a total of $650 million of availability. The upsized...
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November 30, 2018, 09:00 AM
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American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million...
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November 28, 2018, 07:15 AM
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Capital One announced that it provided a $107 million adjustable rate loan to refinance a 20-asset medical office building portfolio totaling 789,000 square feet.
The loan consists of $92 million in initial funding and a holdback for tenant...
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November 27, 2018, 07:18 AM
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First American Financial Corporation , a global provider of title insurance, settlement services and risk solutions for real estate transactions, released First American’s proprietary Real Estate Sentiment Index (RESI) for the fourth quarter of 2018....
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November 27, 2018, 07:12 AM
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CIT Group Inc. announced that its Real Estate Finance business served as a sole lead arranger of a $91 million senior secured loan for the acquisition of the Sheraton Denver Hotel in downtown Denver, Colorado.
The property, which serves as Denver’s...
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November 20, 2018, 07:16 AM
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Capital One announced that it has provided a $118.3 million Fannie Mae adjustable-rate loan to an investment vehicle managed by Seattle-based alternative investment firm, Columbia Pacific Advisors. The proceeds were used to acquire fee interest in a...
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November 14, 2018, 08:07 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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Wells Fargo & Company announced it has closed a $700 million syndicated loan facility to The Howard Hughes Corporation® (HHC), a publicly traded company that owns, manages and develops commercial, residential and mixed-use real estate throughout the...
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October 29, 2018, 07:05 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $24 million senior secured loan for the acquisition of a multi-family property in San Pedro, California, by MWest Holdings, a private real estate...
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October 19, 2018, 08:00 AM
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Walker & Dunlop, Inc. announced that it plans to refinance its senior secured term loan and upsize the aggregate principal amount to $250 million.
The proceeds will be used to fund the repayment of Walker & Dunlop's existing term loan that was...
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October 18, 2018, 07:00 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $50 million senior secured loan for the acquisition of industrial properties in San Diego, California, by BKM Capital Partners. The acquisition consisted...
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October 17, 2018, 07:12 AM
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American Finance Trust, Inc., a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S....
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October 08, 2018, 07:00 AM
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Chiron Financial, LLC served as the exclusive investment banker to Seville Farms in the placement of real estate and equipment financing with the Greater Nevada Credit Union.
Seville is a leading producer of perennials, annuals and tropical plants...
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September 06, 2018, 07:19 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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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $45 million loan for a landmark residential project in the Tribeca neighborhood of Manhattan.The nine-story project, known as The Cast Iron House, consists...
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August 21, 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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Monticello Asset Management, LLC announced that two of Monticello’s investment vehicles originated $36 million in first lien debt financing to Maui Sunset, LLC and a $4 million working capital loan to the operating companies of the facilities.
The...
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Griffin Capital Company, LLC announced on behalf of Griffin Capital Essential Asset REIT II, Inc., the expansion of the REIT’s credit facility from $550 million to $750 million, expanding the availability of flexible and cost-effective capital to...
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US Capital Global has provided a $25.5 million real estate loan for real estate investment company Blue Tide Partners Hamilton, LLC. Dedicated to rehabilitating low-income and underserved populations into stable housing and self-sufficiency, this for...
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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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Greystone announced the May 30, 2018 closing with investors of the $750 million Greystone Senior Debt Opportunity Fund. The Fund is managed by Greystone’s affiliate investment adviser and includes several institutional and large public pension fund...
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Hilco Redevelopment Partners, a unit of Hilco Global, announced that Jeremy Grey has joined its real estate redevelopment team as Director of Development.Grey will be responsible for overseeing all HRP real estate development activity and future...
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CIT Group Inc. announced that its Healthcare Finance business, part of the Commercial Finance division, has closed on a $15.3 million loan to finance the purchase of a San Diego, Calif., medical office building. The Coast Medical Center is a four...
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PREIT announced the execution of a modification and extension of its $400 million unsecured Revolving Credit Facility and two of its $150 million 5-Year Term Loans, totalling $300 million. Terms and conditions remain substantially the same as its...
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VEREIT, Inc., a Maryland-based realestate management firm, entered, into a $2.9 billion credit agreement dated as of May 23, 2018 by and among the Operating Partnership, as borrower, the Company, as guarantor, the financial institutions from time to...
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan for a new 333-unit multifamily residential development planned for Downtown Oakland, Calif.
The project...
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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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Directed Capital, a national opportunistic real estate finance firm that acquires and strategically repositions underperforming commercial mortgage loans, announced Goldman Sachs has increased its credit facility to $150 million to facilitate the...
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American Finance Trust, Inc., a public non-listed REIT which owns a well-diversified $3.5 billion portfolio of single-tenant office, distribution and retail and multi-tenant retail and lifestyle center properties, announced that on April 26, 2018...
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Monticello Asset Management, LLC announced that one of Monticello’s investment vehicles originated $31.21 million in first lien debt financing to The W Group at New Broadview, LLC.
Monticello’s borrowers are in need of short term financing for...
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Monticello Asset Management, LLC, announced that one of Monticello’s investment vehicles originated $45.3MM in first lien debt financing to Nesconset Property NY LLC and multiple affiliated entities. The Mortgagor is using the funds to acquire one...
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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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Monticello Asset Management, LLC announced that one of Monticello’s investment vehicles purchased $5.8 million in new issue subordinate multifamily housing revenue bonds issued by a tax- exempt bond issuing authority.
In connection with this...
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Washington Real Estate Investment Trust entered into an Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the financial institutions party thereto as lenders and agents, which provides for...
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Industrial Logistics Properties Trust announced that the syndication of its $750 million unsecured revolving credit facility has closed.
The maturity date of the credit facility is December 29, 2021, with the option to extend the maturity date for...
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Capital One announced that it has added seven senior housing properties owned by subsidiaries of Healthcare Trust, Inc. (HTI) to HTI’s Fannie Mae credit facility. This transaction brings the total facility to $216.6 million, an increase of $64.2...
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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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Citizens’ Commercial Real Estate clients will have an additional source of long-term permanent financing opportunities under a referral agreement with PGIM Real Estate Finance.
The Citizens Commercial Real Estate team continues to add solutions to...
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The Washington Trust Company recently provided $19.1 million in commercial financing to BSL Newton Development, LLC, and BSL Newton OpCo, LLC, for the construction of a 50-unit memory care facility in Newton, Massachusetts.Developed by Benchmark...
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February 20, 2018, 07:00 AM
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STORE Capital Corporation, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced that it has expanded its unsecured revolving credit facility from $500 million to $600...
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February 13, 2018, 07:07 AM
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Walker & Dunlop, Inc. announced that it funded a $707,000,000 Credit Facility for the acquisition of 23 student housing properties for Scion Student Communities LLC, a joint venture among The Scion Group LLC (Scion), General Investment Corporation of...
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January 30, 2018, 07:00 AM
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Washington Prime Group Inc. announced that its operating partnership, Washington Prime Group, L.P., has amended and restated its existing revolving credit and term loan facility that was set to mature with extension options on May 30, 2019. The newly...
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January 24, 2018, 07:22 AM
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FirstService Corporation announced that it has expanded and extended its revolving credit facility to further reinforce its strong financial position and increase its flexibility to fund future growth. Under the amended Facility, borrowing capacity...
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January 18, 2018, 07:42 AM
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The Parking REIT, Inc. announced that it entered into a new $50 million senior secured revolving credit facility with KeyBank N.A. The credit facility is comprised of a borrowing base revolving credit facility with a maturity date of January 3, 2021...
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January 08, 2018, 07:25 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $58 million loan to Jemal's Channing Place LLC / Douglas Development Corp. for the Brookland Press Apartments, a 295-unit, Class A, multifamily project in the Brookland...
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January 04, 2018, 07:06 AM
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Capital One announced that it provided a $44.4 million loan for the acquisition of a medical office building portfolio in North Carolina. The borrower is a joint venture of a client advised of Heitman, a global real estate investment management firm...
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December 12, 2017, 07:08 AM
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CIT Group Inc., a provider of commercial lending and leasing services, and real estate broker Holliday Fenoglio Fowler, L.P. (HFF), announced $35 million in financing for Plaza 360, a 115,186-square-foot, creative office building in Oakland...
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December 12, 2017, 07:00 AM
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Natixis provided a $50 million construction loan and arranged a $16.2 million preferred equity position for the development of a 255-unit Class A multifamily community with ground floor retail located in the fast-growing market of Westminster, CO....
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December 08, 2017, 07:06 AM
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The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this...
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December 04, 2017, 07:43 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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ShopOne Centers REIT Inc., a private real estate investment trust focused on acquiring, operating and managing market-dominant, grocery-anchored shopping centers, announced today the closing of a $325 million senior credit facility. A portion of the...
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November 15, 2017, 07:21 AM
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Gladstone Commercial Corporation, a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, announced that it amended, extended and upsized its existing, syndicated revolving credit and...
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November 01, 2017, 07:00 AM
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HCP, Inc., a Maryland-based Real Estate Investment Trust,, entered into a Credit Agreement, by and among the Company, as borrower, the lenders referred to therein, and Bank of America, N.A., as administrative agent. The New Credit Agreement provides...
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October 24, 2017, 07:11 AM
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Griffin Capital Company, LLC announced the operating partnership of Griffin Capital Essential Asset REIT, Inc. entered into a loan agreement with Bank of America, N.A., UBS AG and KeyBank National Association for an aggregate loan amount of...
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October 10, 2017, 07:29 AM
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CIT Bank, N.A. announced that it has reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. The transaction includes the sale of mortgage servicing rights...
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October 09, 2017, 07:19 AM
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Canyon Partners Real Estate LLC announced the acquisition of the leasehold interest in Coronado Palms, a 169-unit apartment community located in Anaheim, California. The transaction was executed through Canyon Multifamily Impact Fund III LLC,, a...
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September 26, 2017, 08:00 AM
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Alexander & Baldwin, a real estate and agriculatural firm, announced that it has amended its revolving credit and private note shelf facilities.
"We're pleased to have closed on the amendments to our revolving credit and private note shelf...
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September 21, 2017, 07:08 AM
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DDR Corp., an owner and manager of 298 value-oriented shopping centers, announced that it has refinanced its two revolving credit facilities, increasing borrowing capacity to $1.0 billion and extending their maturities. The company also extended the...
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September 18, 2017, 07:15 AM
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Ramco-Gershenson Properties Trust announced that it has closed on its amended and restated $350 million unsecured revolving credit facility. The credit facility matures September 2021 and can be extended one year to 2022 through two six-month options...
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September 15, 2017, 08:00 AM
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Natixis is the Lead Arranger and Administrative Agent on a $125 million senior loan for an 800,000 SF Class A mixed-use office, multifamily, and retail development in the heart of downtown Baltimore, Maryland. The project is being developed by...
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September 08, 2017, 07:10 AM
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Capital One announced that it provided a $68 million loan for the acquisition of two campus-adjacent outpatient medical office buildings by Anchor Health Properties in the La Jolla/UTC submarket of San Diego. The properties total 206,000 square feet....
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September 08, 2017, 07:00 AM
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CIT Group announced that its Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, Inc. (Minskoff Equities), a privately held real estate investment and development firm. Proceeds from...
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August 16, 2017, 07:13 AM
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Plymouth Industrial REIT, Inc. announced it has closed on a $35 million senior secured revolving credit facility with KeyBank N.A. The credit facility has an accordion feature that allows the total borrowing capacity under the credit facility to be...
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August 14, 2017, 07:44 AM
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M/I Homes, Inc. announced that it has amended its unsecured revolving credit facility to increase the borrowing availability from $400 million to $500 million and extend the maturity to July 2021. The credit facility was previously scheduled to...
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Capital One announced that it served as joint lead arranger, sole bookrunner, and administrative agent for a $250 million syndicated loan to Healthcare Trust, Inc. (HTI). The company will use the funds to refinance 29 medical office assets totaling 1...
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Monticello Asset Management, LLC announced that one of Monticello’s investment vehicles originated a multi asset loan comprising of $69.3 million in first lien debt financing to a series of entities, including 50 Christy Place, LLC.
Monticello is a...
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Chartwell Retirement Residences announced that it has entered into agreements with a syndicate of Canadian financial institutions, led by Bank of Montreal and The Toronto-Dominion Bank, for two new credit facilities totalling $300 million with...
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Citizens Bank announced that Citizens Commercial Banking provided a $41 million loan to a joint venture between Atlanta-based Songy Highroads LLC and an affiliate of Chicago-based Hyatt Hotels Corporation for the construction of a new 201-room...
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Ryman Hospitality Properties, Inc., a lodging real estate investment trust (REIT) specializing in group-oriented, destination hotel assets in urban and resort markets, today completed a series of refinancing transactions that were previously...
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Wells Fargo served as the administrative agent on a $100 million increase in the principal amount of Ryman Hospitality Properties's existing credit agreement, according to an SEC filing.
Ryman Hospitality Properties, Inc. entered into a Fifth...
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Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, announced the closing of the expansion of its $90 million senior secured revolving credit facility to $150...
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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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CIT Group Inc. announced that its Real Estate Finance business provided a $46 million senior secured credit facility to Menin Development, a privately held owner, developer and manager of commercial real estate in the Southeast United States. Menin...
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Colony Starwood Homes Partnership, L.P., a wholly-owned subsidiary of Colony Starwood Homes, entered into a new credit agreement with JPMorgan Chase Bank, N.A., as administrative agent and the other parties thereto. The credit agreement provides for...
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Capital One announced that it has provided term loans to finance the renovation of the Washington, D.C., headquarters of the American Geophysical Union (AGU). Capital One’s participation included a tax-exempt bond held by Capital One Municipal...
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Playa Hotels & Resorts N.V. and subsidiary, Playa Resorts Holding B.V., entered into an amended and restated senior secured credit agreement pursuant to that certain Restatement Agreement with Deutsche Bank AG New York Branch, as Administrative Agent...
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Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, announced that it has secured commitments from three lenders to increase its current $90 million senior...
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Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that it has provided a credit facility totaling $25.2 million to Newburgh CORe Neighborhood Revitalization, an affordable housing initiative in Newburgh, NY. The credit...
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The multinational law firm of Allen & Overy represented BNP Paribas as sole arranger and administrative agent in connection with the $1.7 billion senior secured credit facilities for The GEO Group, Inc. and its subsidiaries, including a new...
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Capital One announced that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was...
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Citizens Bank announced that Citizens Commercial Banking is leading a $33.75 million credit facility for WE 25 Bacon Road LLC to finance the acquisition and renovation of an industrial/warehouse complex at 25 Bacon Road by Winstanley Enterprises. ...
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Global Medical REIT Inc., a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share...
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Sterling National Bank, the principal subsidiary of Sterling Bancorp,announced that it has provided a credit facility totaling $15.7 million to West Farms Apartments, an affordable housing initiative in the Crotona Park East/East Morrisania section...
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W. P. Carey Inc. entered into a third amended and restated credit agreement, by and among W. P. Carey, as borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto, Bank of America, N.A., as Administrative...
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February 24, 2017, 07:42 AM
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Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, announced that it has executed a commitment letter with two lenders for a $90 million senior secured credit...
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February 09, 2017, 07:00 AM
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Taubman Centers, Inc. announced the amendment and restatement of its primary revolving line of credit, which included a new, unsecured $300 million term loan and an extension of the $1.1 billion revolving credit facility. “This financing provides us...
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February 08, 2017, 07:09 AM
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Kimco Realty Corp., one of North America’s largest publicly traded owner and operator of open air shopping centers, announced that it has closed on a new $2.25 billion unsecured revolving credit facility with commitments from 19 lending institutions...
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February 02, 2017, 07:00 AM
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Colliers International Group Inc. announced that it has expanded and extended its multi-currency revolving credit facility (the “Facility”) to reinforce its already strong financial position and increase its flexibility for future growth. Borrowing...
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January 20, 2017, 07:12 AM
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Putnam Funding, a boutique bank specializing in debt and equity funding for all commercial real estate, announced today that it is ringing in the new year with several new lending programs to serve its growing customer base.While Putnam will continue...
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January 09, 2017, 07:38 AM
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Canyon Partners Real Estate (Canyon) announced the launch of Canyon Multifamily Impact Fund III, a new real estate fund in partnership with CIT Bank that continues Canyon's investing in affordable workforce housing.
This Fund is positioned to...
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January 05, 2017, 07:05 AM
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AloStar funded a $4.4 million loan for the acquisition, by Blue Horseshoe Acquisitions Group, of an office complex in the Sandy Springs area of Atlanta. The property, named Roswell Oaks, is a collection of five Williamsburg-style, multi-story...
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January 03, 2017, 07:30 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $26.3 million senior secured credit facility to Shopoff Realty Investments, a private real estate investment company. The financing was used to support the acquisition of two creative...
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October 18, 2016, 07:20 AM
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MVP REIT, Inc. and MVP REIT II, Inc. (the “REITs”), both publicly registered non-traded real estate investment trusts, entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility with accordion...
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October 07, 2016, 07:30 AM
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JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT, announced it amended its revolving line of credit increasing its borrowing capacity to $150 million. The amended credit facility has a one year term with a six...
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September 27, 2016, 07:17 AM
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Extended Stay America, Inc. announced its subsidiary, ESH Hospitality, Inc. (“ESH REIT”), is seeking to raise new senior secured credit facilities (the “ESH REIT Credit Facilities”), including a new $350 million revolving credit facility to replace...
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August 08, 2016, 08:11 AM
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Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced the closing of a $350 million amended and restated senior unsecured credit facility (the “Facility”) to replace its...
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August 02, 2016, 07:16 AM
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Ares Commercial Real Estate Corporation entered into an agreement with Wells Fargo Bank to increase the size of its existing financing facility from $225 million to $325 million. In addition, the initial maturity of the facility was extended to...
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Capital One announced that it recently committed $125 million and served as joint lead arranger and joint documentation agent in a $1.1 billion first mortgage to finance the Blackstone Group’s acquisition of 17 life science and medical office...
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CIT Group Inc. announced CIT Real Estate Finance served as sole lead arranger for a $65 million senior secured construction loan for MC 19 East Houston LLC, a joint venture between Madison Capital and Vornado Realty Trust, two real estate industry...
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Chesapeake Lodging Trust has closed on a $150 million fixed-rate mortgage loan. The loan is secured by the 502-room Hyatt Regency Boston and was provided by MetLife.The 10-year loan carries a fixed interest rate of 4.25% per annum, with principal and...
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iStar announced that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility for the company. Proceeds from the new facility will be used to refinance iStar's 2012...
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CIT Group Inc. announced that CIT Real Estate Finance provided a $35 million senior secured mortgage loan to a special purpose entity controlled by The Bascom Group, an owner/operator of multifamily properties, and funds managed by Oaktree Capital...
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Apollo Commercial Real Estate Finance, Inc. (ARI), announced the company closed two commercial real estate loan transactions totaling $95.5 million, bringing year to date transaction volume to $423.5 million of committed capital. In addition, ARI...
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Citizens Bank announced that its Community Development Lending Group is providing $10 million in construction financing to Soldier On, Inc. for the adaptive reuse of a former policy academy in Agawam into a 51-unit affordable housing development for...
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Stonebriar Commercial Finance announced the expansion of its capital solutions for clients with the creation of SCF Realty Capital and the hiring of Pete Mavoides as President.Stonebriar Commercial Finance ("Stonebriar") is a rapidly growing...
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $27 million term loan to Cascade Capital Group, LLC. These funds were used to purchase three skilled...
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Four Springs Capital Trust announced it has closed on a new revolving credit facility with a total commitment of $75 million with an additional $75 million accordion expansion feature which will increase the facility size to $150 million. The initial...
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February 02, 2016, 07:24 AM
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AloStar provided a $16.76 million loan to Elmington Capital Group, a Nashville-based commercial real estate investment and development firm. The loan was made to facilitate the acquisition of The Cliffs at Rocky Ridge, a 323-unit multifamily garden...
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January 29, 2016, 07:21 AM
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Digital Realty Trust, Inc., a leading global provider of data center solutions, announced today that it has completed the refinancing of its global revolving credit facility and term loan. In conjunction with the refinancing, pricing was tightened...
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January 22, 2016, 07:28 AM
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Strategic Storage Trust II, Inc. (SST II) -- which is sponsored by SmartStop Asset Management, LLC -- recently announced the amendment of its credit facility with KeyBank. The amended credit facility is a revolving credit facility that has a maximum...
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January 13, 2016, 07:06 AM
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $7.29 million senior secured term loan and a $1 million revolving line of credit with Birchwood Health...
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November 19, 2015, 07:21 AM
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AloStar committed more than $25 million to Atlanta Investment Properties Group (Atlanta, GA) and Campus Crest (Charlotte, NC) through its newly launched platform, AloStar Real Estate Finance. Atlanta Investment Properties Group received a real estate...
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November 17, 2015, 08:01 AM
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Realogy Holdings Corp., a provider of residential real estate services in the United States, announced that it has closed on $1.25 billion of new senior secured credit facilities.The financing includes an expanded revolving credit facility of $815...
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October 28, 2015, 07:07 AM
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STORE Capital Corporation, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it has expanded its unsecured credit facility from $300 million to $400 million...
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September 23, 2015, 07:27 AM
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Sheltair obtained a $60 million credit line and a $200 million senior credit facility for business acquisitions and for facility expansion at Fort Lauderdale-Hollywood International Airport and other airports.SunTrust Bank led a group of lenders who...
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August 24, 2015, 07:20 AM
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Physicians Realty Trust, a self-managed healthcare real estate company, has amended and upsized its unsecured revolving credit facility from $400 million to $750 million. The amended credit facility also provides an accordion feature allowing for an...
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CIT Group Inc. announced that CIT Real Estate Finance provided a $44.7 million senior secured loan to Garrison Investment Group, a leading middle market asset-based and real estate investor. The loan is secured by a portfolio of 11 shopping centers...
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CIT Real Estate Finance provided a $20.1 million senior secured construction loan to Chicago-based Bridge Development Partners, a privately owned commercial real estate firm that develops and acquires industrial and office assets in Illinois, New...
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CIT Group announced that CIT Real Estate Finance provided a $41 million senior secured credit facility to Menin Development, a privately held owner, developer and manager of commercial real estate in the Southeast United States. Menin Development...
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CIT Group Inc. announced that CIT Real Estate Finance provided a $57.5 million senior secured loan to a joint venture between RedSky Capital LLC, JZ Capital Partners and other investors to acquire property along the Brooklyn waterfront. The site...
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CIT Real Estate Finance provided a $44.8 million senior secured term loan to a joint venture between The Treeline Companies, Mega Contracting and Glenmont Capital Management, LLC. The financing will be used to develop a new 7-story...
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Tricon Capital Group Inc., an asset manager and principal investor focused on the residential real estate industry in North America, announced it has increased its corporate revolving credit facility to $175 million from $105 million with RBC Capital...
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Capital One Bank announced that it served as lead arranger, administrative agent and bookrunner for loans totaling $150.6 million for the acquisition of nine Class A medical office buildings in North Carolina and Georgia. The buyer was CNL...
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February 12, 2015, 07:18 AM
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Monogram Residential Trust, an owner, operator and developer of luxury apartment communities in select markets across the United States, announced it has entered into a new $200 million revolving credit facility through Monogram Residential OP LP...
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January 20, 2015, 07:43 AM
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Webster Business Credit provided The 100 Mile Fund SWA, LLC with a $10MM revolving line of credit. The company was formed to provide real estate financing within a 100 mile radius from its headquarters in Englewood Cliffs, NJ. The facility will be...
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January 12, 2015, 07:11 AM
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Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate (Broadstone), completed an expansion of its multi-bank, unsecured credit facility, which first closed in October 2012, and was previously...
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December 31, 2014, 08:00 AM
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CIT Group announced that CIT Real Estate Finance provided a loan to Hillwood Investment Properties, a real estate development firm. The financing will be used to develop Trade Center 83, a 1.2 million-square-foot Class A warehouse/distribution center...
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December 18, 2014, 07:19 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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Reading International announced today the signing of a new $55 million credit facility with Bank of America. On Nov. 28, the company refinanced its existing $35.0 million term loan with Bank of America The new $55 million revolving credit facility...
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December 03, 2014, 07:22 AM
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Hudson's Bay Company has announced plans for a U.S.$1.25 billion, 20-year mortgage on the ground portion of its Saks Fifth Avenue flagship in New York City, located at 611 Fifth Avenue (the “Saks Ground Mortgage”). This transaction is expected to...
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November 25, 2014, 07:07 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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Healthcare Trust of America, Inc. announced it had closed a new $1.1 billion senior unsecured credit facility consisting of a $800 million, five-year revolving credit facility and a $300 million term loan. The credit facility refinances the existing...
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November 21, 2014, 07:07 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $32.9 million senior secured loan to a real estate joint venture between AEW Capital Management (AEW) and Woodmont Industrial Partners. AEW owns the property on behalf of AEW Partners...
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November 11, 2014, 07:19 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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Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an...
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October 20, 2014, 07:26 AM
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it closed a $12.4 million senior secured term loan and a $1.5 million revolving line of credit with Pritok...
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August 27, 2014, 07:17 AM
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NorthStar Realty Finance Corp. ("NorthStar Realty") announced that it has entered into a $500 million revolving corporate credit facility with a three year term (the "Revolving Credit Facility"). Advances under the Revolving Credit Facility accrue...
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August 07, 2014, 07:30 AM
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Ares Commercial Real Estate Corporation announced that through a wholly owned subsidiary it has closed a $75.0 million credit facility with Los Angeles-based City National Bank (“CNB Facility”). The CNB Facility will expand ACRE’s financial...
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August 01, 2014, 06:57 AM
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NorthStar Real Estate Income II, Inc. (NorthStar Income II) has entered into a $100 million credit facility with Deutsche Bank. NorthStar Income II will use the credit facility to finance first mortgage loans and senior loan participations secured by...
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CIT Group announced that CIT Real Estate Finance provided a $21.5 million senior secured loan to Normandy Real Estate Partners, a leading real estate operator and fund manager based in Morristown, NJ. Financing was provided by CIT Bank, the U.S....
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Chesapeake Lodging Trust has successfully refinanced its $60.0 million term loan secured by the 122-room Holiday Inn New York City Midtown – 31st Street and the 185-room Hyatt Place New York Midtown South, which matured on July 3, 2014. The term loan...
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Ryman Hospitality Properties, Inc. announced today it has added an additional senior secured $400 million term loan (the “Term Loan B”) to its existing credit agreement. The new term loan matures in January 2021.The lead arranger for the Term Loan B...
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CatchMark Timber Trust, Inc. announced the closing of the accordion for its multi-draw term credit facility and revolving credit facility, increasing the maximum availability of the multi-draw term facility by $65 million to a total of $215 million...
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Wells Fargo & Company has provided a £75 million ($102.9 million USD) line of credit to Legal & General Property (LGP), one of Europe’s largest institutional asset managers and a major global investor, for its second UK Property Income Fund...
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CIT Group Inc. announced that CIT Real Estate Finance served as lead arranger for a $42.8 million senior secured loan to Garrison Investment Group, a leading middle-market, asset-based and real estate investor located in New York City. The loan is...
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February 14, 2014, 07:16 AM
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AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided $112.5 million in financing for University Park at Evansdale LLC (University Park), a public private partnership (P3), for the construction and permanent financing of a 425,000...
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February 14, 2014, 07:03 AM
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Starwood Property Trust, Inc. announced that it has amended its existing credit facility with Wells Fargo Bank, National Association to increase available borrowings under the facility by $450 million to $1.0 billion. The facility, which the Company...
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January 31, 2014, 07:43 AM
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Capital One Bank announced today that it has provided a $22.7 million, three-year term loan to White Provision Redevelopment, L.P., an entity owned by Jamestown Co-Invest 4, L.P., a real estate investment and management company. The loan will be...
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January 23, 2014, 07:16 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), has closed on a $22.5 million bridge loan with 7 West 44th St. Realty LLC (“Realty”) in connection with Realty’s acquisition of the Paragon Building, a 16 story, 65,000 square foot...
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January 20, 2014, 07:34 AM
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TIER REIT, Inc., a Dallas-based real estate investment trust, announced that it has closed a new secured, revolving credit facility. The facility is secured by six assets and has an initial commitment of $260 million and an accordion feature to...
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December 30, 2013, 07:51 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $33 million senior secured credit facility to Exeter Property Group, a real estate private equity firm that acquires, develops, and manages commercial properties across the U.S. The...
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December 19, 2013, 07:39 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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CIT Group Inc. today announced that it provided a senior secured term loan to Cole Real Estate Investments, Inc. (Cole), a real estate investment trust (REIT) that owns and manages a diversified portfolio of real estate, including restaurant, retail...
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October 28, 2013, 08:33 AM
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Gramercy Property Trust Inc., a real estate investment trust, announced that the Company's operating partnership, GPT Property Trust LP, entered into a $100 million senior secured revolving credit facility with Deutsche Bank AG. The credit facility...
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September 06, 2013, 07:46 AM
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Beazer Pre-Owned Rental Homes, Inc. today announced that its REIT operating subsidiaries have entered into a new revolving credit facility of $190 million. The credit facility will be used for the acquisition and renovation of single-family homes and...
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September 05, 2013, 07:08 AM
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GE Capital's Franchise Finance business announced it has loaned $6.5 million to Wright Investment Properties, Inc. (WIP), a hotel management and development company based in Cordova, TN. The majority of the funds will be used to refinance and...
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September 03, 2013, 08:04 AM
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CIT Group Inc. announced that it arranged a $62 million senior secured credit facility to Exeter Property Group, a real estate private equity firm that acquires, develops, and manages commercial properties across the U.S. The facility will be used to...
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August 22, 2013, 08:34 AM
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Cosentry Holdings has completed a refinancing of the company’s existing credit facilities that provides the company with up to $100 million of capital to enable its continued expansion and future growth initiatives.
Entities sub-advised by an...
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August 02, 2013, 07:46 AM
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American Realty Capital Healthcare Trust, Inc. announced that on Jul. 24, through its operating partnership, it entered into an amended and restated credit agreement relating to its previously announced credit facility. The amended credit facility...
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Centerbridge Capital Partners II, L.P. and its related entities have formed a new business called Carefree Communities, Inc. (Carefree) for the ownership and operation of destination recreational vehicle ("RV") resorts and senior manufactured housing...
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GE Capital, Healthcare Financial Services announced it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA. “GE Capital has proven to...
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