Finance
DC Office Portfolio Scores $31M Loan
Savills represented the borrower and secured a 10-year CMBS mortgage from Bank of America.
MBA Forecasts Another Record Year for Originations
Loans originated for banks and life companies reached unprecedented levels, according to the Mortgage Bankers Association.
Seattle-Area Office Park Receives $39M Loan
The borrower acquired the five-building office portfolio last December, for $54.6 million.
CBRE Secures Acquistion Loan for Los Angeles Retail Asset
Bruce Francis, Shaun Moothart, Dana Summers, Robert Ybarra, Doug Birrell and Jim Korinek worked on behalf of a local joint venture.
Historic Manhattan Asset Lands $42M Refi
Nationwide Life Insurance Co. originated the loan, which pays off a $35 million prior debt.
Amazon to Open 1st Iowa Fulfillment Center
Wells Fargo is providing construction financing for the 645,000-square-foot development set to come online by the end of the year.
Waterton Enters Nashville With $140M Buy
Wells Fargo provided $105 million in acquisition financing through Freddie Mac for the nearly 1,000-unit value-add portfolio.
Mag Mile Capital Arranges Loan for Michigan Hotel Portfolio
Senior Vice President Francisco Nacorda completed the $23.7 million loan on behalf of the borrower, Stellar Hospitality.
Seattle Self Storage Asset Scores $14M Refi
Talonvest Capital Inc. secured a 10-year CMBS loan for the 851-unit facility.
Q&A: How Low Interest Rates Are Bolstering CRE Loans
Jonathan Roth, Justin Kennedy and Toby Cobb of 3650 REIT discuss the industry’s current direction and what to expect going forward.