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

Monday, 04 December 2017

Harbor Group Pays $1.8Bln for Apartment Portfolio; Gets $1.4Bln of Financing

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Harbor Group International has paid $1.8 billion for a portfolio of 25 apartment properties with 9,677 units from affiliates of Lone Star Funds.

The Norfolk, Va., investment manager funded its purchase with a total of $1.4 billion of mortgage financing, with Berkadia providing $927 million of Freddie Mac debt against 16 of the properties and New York Community Bank providing $512 million of financing against the remainder.

Lone Star was represented in the transaction by Eastdil Secured, while Meridian Capital Group provided investment advisory and mortgage brokerage services to Harbor...




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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
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR), Property Acquisitions (ACQ)
  • Valuation: More than $150 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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