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Archive for the Category ‘Mortgage Banking’

Cole Nails Down $156M Financing for Microsoft’s Bing Headquarters

Cole Nails Down $156M Financing for Microsoft’s Bing Headquarters

According to Cole senior vice president of structured finance Matthew Donnelly, there was a highly competitive atmosphere for the debt on the property, allowing for favorable rates and terms.

MBA: Wells Fargo Top U.S. Commercial, Multi-Family Servicer in Terms of Volume

MBA: Wells Fargo Top U.S. Commercial, Multi-Family Servicer in Terms of Volume

With $462.8 billion in United States master and primary servicing, Wells easily came in first, followed by PNC Real Estate/Midland Loan Services with $307.9 billion, Berkadia Commercial Mortgage with $202.6 billion, and Bank of America Merrill Lynch with $133.4 billion.

Fannie Mae/Freddie Mac–Where Do We Go From Here?

Fannie Mae/Freddie Mac–Where Do We Go From Here?

Plenty of ideas on the future of mortgage lenders Fannie Mae and Freddie Mac emerged during a conference on housing finance hosted by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development on Tuesday, August 17.

Starwood Completes $178M Commercial Mortgage Securitization

Starwood Completes $178M Commercial Mortgage Securitization

The company separated the loans into senior and junior loans, with the five senior loans contributing a face value of $84 million to the securitization in addition to $92 million in proceeds. Starwood also retained $94 million in junior interests.

Pacific Coast Capital, Ohio Public Employees Retirement System Form JV

Pacific Coast Capital, Ohio Public Employees Retirement System Form JV

Pacific Coast founding partner Don Kuemmeler said that due to the recession, there are fewer lenders willing to make and hold commercial real estate mortgages on their balance sheets and that the joint venture expects to hold the loans to maturity.

Cantor Fitzgerald, CIM Unveil New Mortgage Banking Venture

Cantor Fitzgerald, CIM Unveil New Mortgage Banking Venture

Cantor Fitzgerald and CIM Group disclosed today that they are joining forces in Cantor Commercial Real Estate (CCRE). The new enterprise is aiming for $5 billion in annualized loan production for starters.

Suburban D.C. Property Refinanced for $43.5M

Suburban D.C. Property Refinanced for $43.5M

Rosslyn Metro Center in Arlington, Va., has been refinanced to the tune of $43.5 million, according to the Washington, D.C. office of Holliday Fenoglio Fowler (HFF) L.P., which oversaw the deal.

JP Morgan Chase Buys $3.5B Loan Portfolio from Citibank

JP Morgan Chase Buys $3.5B Loan Portfolio from Citibank

JPMorgan Chase closes on the acquisition of a $3.5 billion portfolio of 3,800 performing multi-family and commercial real estate loans from Citibank.

Investcorp Sells $100M First Mortgage on D.C. Coast Guard HQ

Investcorp Sells $100M First Mortgage on D.C. Coast Guard HQ

The mortgage, which is due in 2014, was sold to the Talos Capital Limited for an undisclosed price.

Prudential, Johnson Capital Form Multi-Family Partnership

Prudential, Johnson Capital Form Multi-Family Partnership

Prudential Mortgage Capital Co. has long wanted to add Freddie Mac Program Plus capabilities to its quiver. A new strategic partnership with Johnson Capital makes that possible.

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