Finance
McWhinney Lands $170M Loan for Orange County Water Park
The company relied on Berkadia to secure the financing for Great Wolf Lodge, a 603-key, 105,000-square-foot indoor entertainment resort in Garden Grove, Calif.
RAF Pacifica Acquires $60M North San Diego Portfolio
Cushman & Wakefield brokered the sale on behalf of the buyer and sellers. The properties encompass creative office and industrial space.
How Competition Is Impacting Small-Balance Lending
Arbor Realty Trust’s Dustin Pevear shares insights on the small-balance loan environment and how the diversification of products and providers is changing the landscape.
Transactions: April 2019
A selection of noteworthy deals announced between 21 February – 13 March 2019.
The Rising Prominence of CRE CLOs
Commercial real estate CLOs enjoyed a banner 2018 as year-over-year volume nearly doubled. Deal size has also been increasing, but some uncertainty surrounds the vehicles’ prospects for 2019.
CRE Companies Mind Their ESGs
Owners, developers and managers are ramping up environmental, social and governance initiatives to meet investor criteria and internal goals.
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Sealy & Co. Acquires 1 MSF Industrial Asset in MS
The Class A distribution facility in Olive Branch is fully leased to Williams Sonoma. The asset is less than 20 miles from the country’s busiest air cargo airport.
Nashville Mixed-Use Development Lands Financing
Pinnacle Bank provided the developer with nearly $13 million in financing to convert a former lumber mill into an 80,000-square-foot office and retail property.
Entrada Partners Acquires San Antonio Industrial Portfolio
The four properties have a combined 484,369 square feet and an 88 percent occupancy rate. All the assets are close to the Interstate 410 loop.