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

Thursday, 13 September 2018

PCCP Lends $36.6Mln Against 3 Sacramento, Calif., Offices

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PCCP LLC has provided $36.6 million against three office buildings with 345,900 square feet in Sacramento, Calif., financing their $44.6 million, or $129/sf, purchase by Basin Street Properties.

As reported, Basin Street, a Petaluma, Calif., developer, bought the buildings, at 1545 River Park Drive, 1601 Response Road and 1610 Arden Way, from Hines, which was represented by NKF Capital Markets.

The properties are 72 percent occupied - in a submarket that's 88 percent occupied - providing Basin...





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“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:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Sacramento
  • States: California
  • Sector: Office
  • Subject: Mortgages/Financing (MOR)
  • Company: PCCP LLC
  • 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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