Loading
Market Data
Rates & lending news – page 6
Newest first. Pick a type, a sector, or both.
Mesa West Lends $27M on Seattle-Area Apartments AcquisitionTimberlane Partners has secured $27 million of acquisition financing for the purchase of a multifamily complex in suburban Seattle, Commercial Observer has learned.
Representative image$420M CMBS Loan Backed by 51 West 52nd Exits Special Servicing, Secures ExtensionA $420 million commercial mortgage-backed securities (CMBS) loan secured by 51 West 52nd Street — a 38-story tower with 893,000 square feet of office space in Midtown — will exit special servicing after sponsor Harbor Group International closed a loan extension.
Northmarq Arranges Refi for Historic Koreatown Retail CenterNorthmarq’s Newport Beach and Los Angeles Debt + Equity teams, led by Joe Giordani, Alex Kane, and Karl Weidell, s arranged a $29.3 million refinance for Chapman Market, a historic 41,241-square-foot multi-tenant dining and entertainment center located at 3465 W. 6th St.
Simon Approaching End Of The Road With Struggling Suburban Boston MallSimon Property Group is expected to hand back the Square One Mall in Saugus, which has a $76M CMBS loan maturing in January.
Avatar Bridge Loan Finances Acquisition of Historic Providence HotelAvatar Financial Group LLC has provided a $6.45-million bridge loan to finance the acquisition of Hotel Providence, an 80-room boutique hotel in Downtown Providence, RI. The two-year, first-lien loan was originated at 63% loan-to-value.
Newmark Arranges $55M Refinancing for Seattle Multifamily PropertyNewmark has arranged a $55 million loan on behalf of Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald to refinance Swell Apartments, a 200-unit multifamily community in Seattle, Washington.
RISE Obtains $101M Bridge Loan for Jax ApartmentsBWE secured a $101 million bridge loan with HPS, a part of BlackRock, to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult (55+) community in Jacksonville, Florida.
BWE Secures $101M Loan for New Active Adult Community in JacksonvilleJACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood.
Representative imageMMCC Arranges $53M Refinancing for Build-to-Rent Property in Rogers, ArkansasROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers.
Representative imageDavis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, WashingtonDUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower.
Bally’s Lands $560M Loan From WhiteHawk for Bronx Casino DevelopmentGambling and entertainment giant Bally’s has landed a $560 million debt package from WhiteHawk Capital Partners to fund its casino development in the Bronx, the company announced Monday.
Bally’s Secures $560M Financing for Bronx Casino ProjectBally’s Corporation said Monday that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes.
Dwight Investment Group Supplies $130M Refi for Phoenix Apartment TowerA joint venture between Bridge Investment Group and Hatteras Sky has sealed $130 million of bridge debt to refinance a newly built mixed-use multifamily tower in Downtown Phoenix, Commercial Observer has learned.
PGIM Refis Manhattan Office-to-Storage Conversion With $57M LoanA joint venture between Mequity Companies and Flatiron Equities Real Estate has sealed a $57 million loan to refinance an office-to-storage conversion project in Midtown Manhattan, Commercial Observer has learned.
PNC Bank Provides $92M Construction Loan for Luxury D.C. MultifamilyCarr Properties has secured $92 million of construction debt to build a 299-unit Class A multifamily complex in Downtown Washington, D.C., Commercial Observer can first report.
Rich Properties Snags $38.5M Refi for West Palm Beach Rental AssetRich Properties obtained a $38.55 million refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties for more than 35 years.
Representative imageBridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San FranciscoSAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission…
Representative imageCushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily ProjectPARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus.
Hudson Pacific Extends Maturity on $1.1B Hollywood Media LoanHudson Pacific Properties, Inc. and its joint venture partner have extended the $1.1-billion CMBS loan secured by the Hollywood Media Portfolio. The extension moves the loan’s maturity to Nov.
Arc Capital Lands $29M Refi for Chapman Market in L.A.’s KoreatownArc Capital Partners has secured $29.3 million to refinance the Chapman Market, a nearly century-old retail and dining destination in Los Angeles’ Koreatown.