Finance
Americold Refinances $1.2B+ Unsecured Credit Facility
The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.
Iconic Manhattan Skyscraper Lands $510M Refi
Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.
April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers
What happens when the COVID-19 shutdown triggers missed payments on CMBS and CLO loans? An analysis from BlackEagle Real Estate Partners’ Debra Morgan and Paul Fiorilla of Yardi Matrix.
Jernigan Capital Lands Expanded, Extended Credit Facility
The self-storage owner/lender’s new credit facility adds $140 million to its predecessor’s total value, more than a year to its maturity and three new banks to the lending syndicate, all while trimming credit spreads.
Kennedy Wilson Extends $500M Credit Facility
The global real estate investment company’s wholly owned subsidiary amended and restated the agreement with a nine-bank consortium headed by Bank of America as administrative agent.
Developers Shine Spotlight on New Jersey
Jersey City will be the site of two new film and production studios thanks to a $48.3 million loan provided by Columbia Pacific Advisors.
Real Estate ETFs to be Tested by Market Turbulence
Passive investment vehicles have gained significant market share, but volatile times lie ahead. What will it take to navigate risks successfully?
How SBA Can Help Your COVID-Hit Company
As the nation focuses on the $2 trillion economic relief package, Chris Hurn of Fountainhead Commercial Capital offers guidance into an earlier Small Business Administration initiative that shouldn’t be overlooked.
Bond Financing Closes for $144M Cincinnati-Area Redevelopment
Preston Hollow Capital provided funding for the transformation of a former industrial site into the Spooky Nook Sports Champion Mill sports and entertainment complex.
$2T to the Rescue: CRE and the Stimulus Package
The wartime-level legislation could shore up the economy—and by extension the commercial real estate sector. Some experts weigh in.