The first sizeable distressed bridge loans showed up in the collateral pools of commercial real estate CLOs in the third quarter, but most observers...Read more.
The owner of an office property overlooking Bryant Park in Midtown Manhattan is in the market for a mortgage of up to $650 million.Read more.
The intense competition for bridge loans is prompting a growing number of lenders to ease credit standards in order to win business.Read more.
A new mortgage REIT is preparing to enter the fast-growing commercial real estate CLO market.Read more.
A JDS Development partnership wants to line up a $1.1 billion floating-rate loan on a nearly completed luxury condominium complex along “Billionaire’s Row” in Midtown Manhattan.Read more.
Amherst Capital is prepping its first commercial real estate CLO.Read more.
Bank of America is leading a $425 million floating-rate debt package on the Fairmont Austin, which opened last year.Read more.
Sound Point Capital, an active issuer of corporate CLOs, is expected to float its first commercial real estate CLO by yearend.Read more.
Blackstone has agreed to lend about $725 million on a Midtown Manhattan office building that was just redeveloped and expanded.Read more.
A New York investor is in the market for $200 million of debt on two office properties in Midtown Manhattan.Read more.
An Elliott Management partnership is seeking to borrow about $435 million to finance its pending acquisition of a luxury resort in Phoenix.Read more.