Finance
Transactions: October 2020
A selection of noteworthy deals announced between July 9 and August 28.
Debt Funds That Can Continue to Hunt for Deals
The pandemic and lockdowns have largely sidelined alternative lenders that depend on leverage, but those that use their balance sheets remain active.
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Loan Losses for Life Insurers to Outpace 2007-2008: Fitch
Coronavirus-related loan shortfalls could rise 50 percent above the levels seen during the Global Financial Crisis, according to Fitch Ratings.
Swift Real Estate Pays $72M for Seattle Office Asset
The Class A property last changed hands in late 2008 for $47 million.
Sotheby’s New York HQ Obtains $483M Refi
The owner-occupied, 506,000-square-foot office building recently underwent renovations.
Cushman & Wakefield Brokers Phoenix Office Deal
Executive Managing Director Eric Wichterman and Managing Director Mike Coover represented the seller in the nearly $17 million disposition.
JV Lands $73M Bridge Financing for Orlando Tower
With help from Berkadia, Lincoln Property Co. and its partners secured the metro’s largest loan for a single asset and the third largest in Florida this year.
First Close of GLP’s European Logistics Fund Yields $1.3B
The global investment manager’s second pan-European investment vehicle attracted equity commitments from both new and repeat participants.
Colorado Mobile Homes Receive $5M Loan
The Fannie Mae financing, arranged by Hunt Real Estate Capital, will retire acquisition debt on Blue Spruce Mobile Home Park in Berthoud.