Uncategorized
Understanding Debt Service: Finding Real Liquidity Through your Property
By Marcelo Bermúdez, President, Figueroa Capital Group, a subsidiary of Charles Dunn Co.
A property’s ability to pay for its debt is paramount to any lender. While an asset’s appraisal may give the impression of a good investment for a lender, the debt-service ratio can be another useful metric to consider.
CMBS Delinquencies Hit All-Time High; Relief on the Horizon
The CMBS delinquency rate has hit an all-time high in May 2012, surpassing the 10 percent mark. But many of those delinquencies are five-year loans that originated in 2007, meaning that the second half of the year should see a leveling off.
Shorenstein Purchases Boston’s 461 KSF Seaport Center Office Complex
In an example of a repositioned property in a transitioning neighborhood doing extremely well, Boston’s Seaport Center will see new ownership after being purchased by Shorenstein Properties for $115 million.
Troubled Retail Component of Downtown Chicago Project Gets $145M Loan
Canyon‐Johnson Urban Funds and McCaffery Interests, the owners of the Roosevelt Collection in Chicago’s South Loop, have closed on a senior loan reported to be $145 million.
HFF arranges $21.75 million acquisition financing for student housing community in Greenville, North Carolina
HFF announced today that it has arranged $21.75 million in acquisition financing for Pirate’s Cove, a 264-unit, 1,056-bed student housing community near East Carolina University (ECU) in Greenville, North Carolina.
Passco Arranges $25.8m To Refinance Silver City Plaza Shopping Center In Las Vegas
PASSCO Companies LLC has negotiated a $25.8 million loan to refinance Silver City Plaza, a 41,583-square-foot neighborhood shopping center in Las Vegas.
Wood Partners to Commence Construction on $27 Million Midtown Delray Community in Delray Beach, Fla.
Multifamily developer Wood Partners announced today that it has closed on a $26.9 million deal to build Midtown Delray, a neighborhood of 116 three-story rental townhomes near downtown Delray Beach.
You must be logged in to post a comment.