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Rates & lending news – page 13
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Appraisal Knocks $78M In Value Off Huge Suburban Atlanta MallThe nonanchor section of the 1.1M SF mall is 94% leased but still in default of its loan obligations.
Bascom Refis Historic Apartments in LA’s Westlake DistrictThe Bascom Group, LLC has completed an $8.5-million refinancing of The Charleston Apartments, a 133-unit historic multifamily community located in the Westlake neighborhood of Los Angeles.
CPC Mortgage Company Secures Financing for Michigan Workforce Housing ProjectCPC Mortgage Company, a subsidiary of The Community Preservation Corporation (CPC), has structured an $8.018 million permanent loan for Riverbend at Capital, a to-be-built 80-unit affordable and workforce housing community in Battle Creek, Michigan.
Downtown Office Tower Secures $575M RefinancingThe owner landed a $575M refinancing from Morgan Stanley and Barclays for the office part of Winthrop Center, the world's largest Passive House office building.
Southern Land Co. Inks $165.9M Construction Loan for Upper Kirby Mixed-Use ProjectSouthern Land Co. has secured $165.9 million in financing for a mixed-use development underway in Houston’s Upper Kirby area. The Houston Business Journal reports that Bank OZK issued the loan to support the construction of the 2811 Kirby development.
BHI Lends $50M on SoCal Inland Empire Master-Planned ProjectDO Capital Group has sealed $50 million of construction financing to develop a mixed-use master-planned community in Jurupa Valley, Calif., Commercial Observer has learned.
Let’s Do the “Mini” TwistExecutive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded positions with a durable change in the interest rate outlook.
Northmarq Arranges $102M in Financing for 1.3 MSF Industrial Project in Baytown, TexasBAYTOWN, TEXAS — Northmarq has arranged $102 million in financing for a 1.3 million-square-foot industrial project that will be located in the eastern Houston suburb of Baytown.
Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, CaliforniaROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento.
Slate Property Group Receives $86.2M Loan for Refinancing of Queens Apartment ComplexNEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens.
Representative imageJLL Arranges $73.5M Loan for Refinancing of Retail Power Center in McCandless, PennsylvaniaMCCANDLESS, PA. — JLL has arranged a $73.5 million loan for the refinancing of a 387,771-square-foot retail power center in McCandless, a northern suburb of Pittsburgh. McCandless Crossing was 99 percent leased at the time of the loan closing, with Lowe’s Home Improvement, T.J.
Partnership Receives $66.9M Loan for Refinancing of Active Adult Community in Fairway, KansasFAIRWAY, KAN. — A partnership between EPC Real Estate Group and Platform Ventures has received a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City.
Associated Bank Finalizes Loan for Twelve-Acre Retail Project in OHAssociated Bank announced the completion of a $9 million loan to GTZ Properties for development of Trailhead Crossing, a multi-building retail project at 1135-1131 US-36 in Delaware, Ohio, a suburb of Columbus.
Tishman Speyer Lining Up $340M Refi Of 2.4M SF Chicago Office ComplexTishman Speyer is looking to refinance its debt on a West Loop office complex.
Fifth Third, CB&T TruAmerica Lend $124M on Bay Area Apartments BuildSummerHill Apartment Communities (SHAC) has landed $123.5 million of construction financing to build a multifamily project in the San Francisco Bay Area, Commercial Observer has learned.
Newmark Arranges $277M Loan for Urby/Rockpoint JV on Jersey City ApartmentsNewmark arranged a $277-million construction loan on behalf of a joint venture between Urby and Rockpoint, for 201 Hudson – by Urby, a 748-unit multifamily development planned on the Jersey City waterfront.
Banyan Street, Independencia Refi South Florida Office With $54MBanyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center property.
Truist Lends $277M on Jersey City Multifamily Tower BuildA joint venture between Rockpoint and Urby has secured $277 million of construction financing to develop the second phase of a multifamily tower in Jersey City, Commercial Observer has learned.
VIC Partners Obtains Construction Loan for 268-Unit FW Workforce Rental CommunityVIC Partners obtained a $36.5 million primary line of credit for the construction of Vic Centre, a 268-unit workforce-housing development at 7120 Anderson Blvd. in Fort Worth outside of Loop 820 and north of Interstate 30.
Representative imageMMCC Arranges $19.6M in Financing for Travel Center in Mount Pleasant, TexasMOUNT PLEASANT, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $19.6 million in financing for a 9,557-square-foot travel center in Mount Pleasant, located in northeast Texas.