Guarantee Your Edge
in Property Finance

Every week, Commercial Mortgage Alert gives subscribers the earliest look at key lending and securitization activities — real estate financings you're not supposed to know about.

Selections from Recent Issues


CIBC Syndicate Backs Lord & Taylor Flagship

A CIBC syndicate has originated a $400 million floating-rate loan on Lord & Taylor’s flagship store in Midtown Manhattan.

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CMBS Spreads Tighten as Sector Firms Up

Amid pent-up demand for fresh paper and improving bond-market conditions, the benchmark classes of three conduit offerings have achieved spreads...

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Blackstone Mulls Refinancing Big Vegas Hotel

Blackstone is quietly exploring whether to refinance its $1.3 billion floating-rate mortgage on the Las Vegas Cosmopolitan Hotel.

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Conduit Deal Struggles After Brexit Turmoil

The first conduit offering to hit the market in more than a month faced tough sledding this week in the wake of financial-market turmoil caused by the...

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Gallagher Leaving Macquarie to Join Prima

Industry veteran Timothy Gallagher is jumping from the sell side to the buy side.

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JP Morgan Takes Lead on DC Complex Loan

J.P. Morgan has agreed to lead a roughly $450 million mortgage on a portion of a mixed-use complex in Washington.

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Mezz Lenders Shift Tactics as CMBS Slumps

The slowdown in the commercial MBS market is forcing mezzanine lenders to change tactics.

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Redwood Shops Performing High-Yield Debt

Redwood Trust is marketing $241.3 million of performing high-yield commercial real estate debt — primarily mezzanine loans.

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Och-Ziff Enters B-Piece Fray, Nabs First Deal

Och-Ziff Capital has circled its first conduit B-piece and plans to continue buying after risk-retention rules kick in late this year.

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Starwood to Take Down Spitzer Project Loan

Starwood Property is stepping up to provide more than $300 million of debt for the development of a Brooklyn apartment complex by Spitzer Enterprises.

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Wells, JP Morgan Backing Blackstone Deal

Wells Fargo and J.P. Morgan are putting together a syndicate for a $918 million debt package that will finance Blackstone’s pending acquisition of a...

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Coppola Exiting a Top TIAA Real Estate Post

Rick Coppola is leaving TIAA-CREF, where he is head of real estate transactions.

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