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Archive for the Category ‘Lending’

Canyon-Johnson Urban Funds Tapped for $22.6M to Complete Brooklyn Condo Project

Canyon-Johnson Urban Funds Tapped for $22.6M to Complete Brooklyn Condo Project

To complete the project, OL Washington will retain current general contractor Triton Construction Co., along with hiring residential brokerage The Corcoran Group to market the units upon completion.

Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province

Grandbridge Closes $40.5M Housing Transaction for University of Louisville’s The Province

The fixed-rate loan was originated and closed by Grandbridge’s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.

Stuart Eisenberg: The Financial Oxygen Flows Again?

Stuart Eisenberg: The Financial Oxygen Flows Again?

Even in times of lean and mean credit, lending remains the lifeblood–the oxygen in that lifeblood–of commercial real estate.

CommonWealth REIT Scores $750M Unsecured Credit Facility

CommonWealth REIT Scores $750M Unsecured Credit Facility

Less than two weeks before an existing facility was to mature, the Newton, Mass.-based office and industrial REIT obtains a $750-million facility from an international consortium of banks.

Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington

Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington

Freddie Mac’s request for $1.8 billion to sustain its reserves through the next quarter may have followed on sister Fannie Mae’s bid for its own fresh multibillion-dollar infusion, but in the scheme of things it amounts to barely a drop in the bailout bucket.

$342M Financing Package Moves Plans Forward for Ritz-Carlton Resort in Puerto Rico

$342M Financing Package Moves Plans Forward for Ritz-Carlton Resort in Puerto Rico

It may be tough to attract financing today to hotel resort ventures–especially hundreds of millions in development financing–but the Ritz-Carlton Reserve, Dorado Beach Resort & Spa project in Dorado, Puerto Rico, is an exception.

Economy Watch: Fannie Mae Hits Up Uncle Sam Because of 2Q Loss

Economy Watch: Fannie Mae Hits Up Uncle Sam Because of 2Q Loss

Fannie Mae returned to the U.S. Treasury on Thursday, hat in hand, asking for $1.5 billion in the wake of its net loss of $3.1 billion, or 55 cents a share, during the second quarter. Essentially, it was asking for its latest dividend back.

New and Old Alliances Lead ProLogis to $225.5M in Financing for European Property Fund

New and Old Alliances Lead ProLogis to $225.5M in Financing for European Property Fund

In a frosty lending climate, friendships can make the difference.

CWCapital Expands West Coast Presence

CWCapital Expands West Coast Presence

CWCapital’s new Los Angeles office represents a big step for the Boston-based lender to the multi-family and healthcare real estate industries, which set its sights on creating a strong West Coast multi-family lending presence a couple of years ago and entered the market last July.

Economy Watch: Brookfield Aims to be GGP Stalking Horse

Economy Watch: Brookfield Aims to be GGP Stalking Horse

General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.

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