Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Thursday, 20 April 2017

Bank of Ozarks Lends $236Mln for Construction of Condos in Miami

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The Bank of the Ozarks has provided $236.3 million of construction debt for Brickell Flatiron, a 549-unit residential condominium property in the Brickell area of Miami.

HFF arranged the debt, a $138.3 million senior and $98 million mezzanine loan, for the property's developer, CMC Group of Miami, which started construction last year. It purchased the property's lot in 2013 with funds borrowed from SunTrust Bank. The 64-story building would be the tallest residential...





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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: Miami
  • States: Florida
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Valuation: More than $150 million
  • Private: Yes
Read 171 times Last modified on Thursday, 20 April 2017

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

MOODY'S/RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

REITCafe

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