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Monday, 29 June 2020

PCCP Lends $39.4Mln for Construction of Phoenix-Area Apartments

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PCCP LLC has provided $39.4 million of senior financing for the development of the 352-unit Acero Glendale apartment property in the Phoenix suburb of Glendale, Ariz.

The property, at the northwest corner of 95th and Missouri avenues, is being developed on 15 acres by IDM Cos. of Vancouver, Wash., with which PCCP has an existing relationship. Earlier this year, for instance, it had provided $49.2 million of construction financing for the 458-unit Acero Algodon apartments in Phoenix' West Valley area, and previously it had provided $54.2 million for the development of the 352-unit IDM Estrella in Goodyear, Ariz., as well as the 182-unit IDM Cooley Station in Gilbert, Ariz.

IDM is developing five apartment properties...





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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Phoenix
  • States: Arizona
  • Sector: Multifamily
  • 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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