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Rates & lending news – page 9
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Affinius Capital Provides $310M Construction Loan for Jersey City Multifamily ProjectJERSEY CITY, N.J. — Affinius Capital has provided a $310 million construction loan for Park Tower, a 1,049-unit multifamily project in Jersey City.
Investor Inks $75.1M Construction Loan for Miami Hotel RedevelopmentAssouline-Busch Capital inked a 75.1 million mid-construction recapitalization of The Monroe Hotel, an 89-key luxury boutique hotel under redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District.
Representative imageWaterfall Asset Management, Delaware Life Provide $64.7M Refinancing for Office Property in Torrance, CaliforniaTORRANCE, CALIF. — Waterfall Asset Management, an alternative investment manager, and Delaware Life have provided a $64.7 million loan facility for the refinancing of The Torrance, a Class A office property in Torrance.
Summer Broke The Script. Here's What CRE Is Walking Back IntoFrom the threat of interest rates to new legislation, here is what CRE is wading through as it comes into the busy fall and winter deal season.
Global Holdings Lands $382M Refi for Midtown TowerPrivate equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note.
Sudberry Properties Inks $81.6M Refi on Growing Chula Vista Business ParkJLL Capital Markets arranged $81.6 million in financing for Otay River Business Park, a 369,803-square-foot industrial and retail business park located at 2925-2945 Main St. and 2775-2970 Faivre St. in Chula Vista, California.
Representative imageRelated Secures $65M Refi for Office Property in L.A.’s South BayThe owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property.
Gaia Lands Another Extension for Williamsburg Apartments’ $48M LoanIt’s déjà vu for Gaia Real Estate. The developer landed for the second straight year a one-year extension for its $48 million loan on loan with Raymond James Bank backing a multifamily property at 55 Hope Street in Williamsburg, Brooklyn, Commercial Observer can first report.
Representative imageStrong U.S. Jobs Report Sets the Stage for Possible Rate HikePayroll employment in the U.S. increased by 162,000 jobs in August, but that uptick did little to reduce the nationwide 4.1 percent unemployment rate. In its monthly jobs report released Friday, the U.S.
JLL Arranges $78.7M Loan for Refinancing of East Dallas Apartment CommunityDALLAS — JLL has arranged a $78.7 million loan for the refinancing of The Flynn at Live Oak, a 327-unit apartment community in East Dallas. The five-story, newly constructed building offers studio, one- and two-bedroom units with an average size of 832 square feet.
Representative imageAmid Higher-for-Longer Mortgage Rates, Multifamily Pros Find a Silver LiningNearly four years after mortgage rates surpassed 6 percent for the first time since the height of the 2008 financial crisis, borrowing conditions for homeowners and prospective buyers have remained stubbornly elevated with no signs of abating anytime soon. The average U.S.
JLL Arranges Refi for Maine Self-Storage AssetJLL has arranged a refinancing for a recently built self-storage facility managed by Extra Space Storage Inc. in South Portland, ME.
CEDARst Snags $80M Construction Loan for San Diego ApartmentsCEDARst obtained an $80 million construction financing for The Samuel, a 197-unit Class A multifamily development in San Diego’s North Park neighborhood.
Investor Duo Inks Refi on 301K-SF Torrance Office PropertyWaterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California.
Downtown D.C. Office Conversion Secures $176M Loan, New Majority PartnerOne of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing.
Georgetown Waterfront Office-To-Condo Conversion Lands FinancingOne Street Commercial Properties has inked the capital necessary to turn the 70K SF office building at 3333 K St. NW into 22 for-sale condo units and retail.
Dwight Investment Management Supplies $115M Refi on Charlotte ApartmentsDwight Investment Management, an affiliate of Dwight Capital, closed the loan for the Seventeen Hundred on East property that opened in January with 295 luxury apartments and 6,500 square feet of retail space.
Pinnacle Secures Financing for Fort Lauderdale Affordable Sr. HousingPinnacle secured $40.2 million in financing to develop a new mixed-use, affordable senior housing community in Fort Lauderdale.
Tishman Speyer Completes $340M Refinancing of West Loop Office ComplexTishman Speyer has refinanced The Franklin, a two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan. The loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders.
CEDARst Cos. Receives $80M Construction Loan for The Samuel Multifamily Property in San DiegoSAN DIEGO — Chicago-based CEDARst Cos. has received an $80 million construction loan forThe Samuel, a 197-unit multifamily project that will be located in San Diego’s North Park neighborhood.