Finance
San Antonio Office Park Lands $58M Refi
The 10-year financing includes a one-year interest-only period followed by a 30-year amortization schedule.
Brooklyn Macy’s Lands $66M Loan
The store, located one block from the Hoyt Street subway station, is at the base of a 12-story building leased to Whittle School & Studios.
CMBS Delinquencies Appear to Stabilize—For Now
The latest report from the Kroll Bond Rating Agency on the $286 billion of commercial mortgage-backed securities it tracks indicates delinquencies could be leveling off.
Southwest Nashville Office Asset Lands $15M Refi
The loan retires a $15 million mortgage from Truxton Trust at the 124,000-square-foot property.
Sacramento Storage Property Receives Refi
The new mortgage will retire a loan provided by Exchange Bank in 2016.
Dekel Capital Orchestrates $35M in Financing for Las Vegas Office Asset
The firm raised joint venture equity and secured first mortgage debt for Moonwater Capital’s acquisition of the NV Energy Pearson Building.
CIM Group Lines Up $96M Loan for Phoenix-Area Office Asset
The firm provided bridge financing for the 500,000-square-foot Galleria Corporate Center, which has become a favorite for the tech sector.
Central Nashville Storage Asset Receives Refi
The new origination replaces an $11.8 million loan from Synovus Bank taken in 2014 for a five-property portfolio in the market.
Massachusetts Data Center Sells for $16M
The new owner financed the purchase with a $10.4 million loan from Cambridge Savings Bank.
KKR Closes Fund With $950M in Commitments
Like its predecessor investment vehicle, KKR Real Estate Credit Opportunity Partners II will focus on the acquisition of new-issue conduit CMBS.