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Wednesday, 11 October 2017

New York Life Lends $36.3Mln Against Recently Built Warehouse in N.J.

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New York Life Real Estate Investors has provided $36.3 million of permanent financing against 46 Meadowlands Parkway, a recently-completed warehouse in the northern New Jersey town of Secaucus.

The property was built on a speculative basis by Hartz Mountain Industries on part of a 40-acre site the developer owns that previously had housed the North American headquarters of Panasonic Corp. It became fully leased even before it was finished when Union Beer Distributors, a Brooklyn, N.Y., distributor of craft beers, decided to relocate from what has become a trendy and higher-cost Williamsburg neighborhood. It's slated to move into 46 Meadowlands early next year.

The loan New York Life provided has a 12-year term.

Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.



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Additional Info

  • Syndicate to Realpoint: No
  • States: New Jersey
  • Sector: Industrial
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $25 million and $50 million
  • Private: No
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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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