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$420M CMBS Loan Backed by 51 West 52nd Exits Special Servicing, Secures Extension

A $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 aft

Sep 16, 2026•0m ago•schedule1 min read•Source: Commercial Observer

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trending_upMarket Updates

Avatar Bridge Loan Finances Acquisition of Historic Providence Hotel

Avatar 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

Sep 16, 2026•0m ago•schedule1 min•Connect CRE

trending_upMarket Updates

Hines And Rialto Close Office Credit Fund At $1.1B

The two national real estate investment management firms closed their U.S. office credit fund after securing more than 120 investors.

Sep 16, 2026•0m ago•schedule1 min•Bisnow

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BWE Secures $101M Loan for New Active Adult Community in Jacksonville

JACKSONVILLE, 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 Southsi

Sep 16, 2026•0m ago•schedule1 min•REBusinessOnline

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