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

Wednesday, 09 October 2019

Buyer of Suburban Philadelphia Office Gets $37.9Mln Loan from Ladder Capital

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Commercial Real Estate Direct Staff Report

M&H Properties, which paid $56 million, or nearly $325/sf, for the 172,327-square-foot office building at 1000 Chesterbrook Blvd. in the Philadelphia suburb of Berwyn, Pa., funded its purchase with a $37.9 million mortgage from Ladder Capital Finance.

M&H was formed by Mark I. Solomon and Harry Kammerer, suburban Philadelphia investors who have partnered on a number of other area deals. Solomon also had founded CMS Cos., a financial advisory firm that invests in a variety of asset types on behalf of clients. Kammerer, meanwhile, develops single-family homes in suburban Philadelphia and manages a number of office buildings in the area.

The 1000 Chesterbrook building was purchased from Equus Capital Partners, a suburban Philadelphia investment manager that had acquired the 20-year-old...





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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Philadelphia
  • States: Pennsylvania
  • Sector: Office
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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