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

Thursday, 03 January 2013

Wells Fargo, Square Mile Lend $385Mln for Industrial Portfolio

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Wells Fargo Bank and Square Mile Capital Management have provided a total of $385 million of senior and mezzanine debt against a portfolio of 103 industrial and office properties with 11.1 million square feet in California and the Midwest.

Wells provided $345 million of senior financing, while Square Mile funded a $40 million mezzanine loan. Both have five-year terms and funded the portfolio's $600 million purchase by a venture of Westcore Properties and DRA Advisors from the estate of Sacramento, Calif., developer Joe Benvenuti, who died in May at the age...





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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

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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Industrial
  • Subject: Mortgages/Financing (MOR)
  • 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
Private-Label CMBS - FY2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 27.1  23,479.37 26.3
JPMorgan 18.6  13,752.01 15.4
Wells Fargo 17.2  13,085.05 14.6
Goldman Sachs 9.0  7,896.25 8.8
Citigroup 9.1  7,526.97 8.4

 

 

MOODY'S/RCA CPPI

 

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Top Loan Contributors
Private-Label CMBS FY2014
Lender Vol $mln MktShr%
Deutsche Bank 14,005.13 16.0
JPMorgan 11,440.63 13.0
Wells Fargo 5,849.16 6.7
CCRE 5,750.69 6.6
Citigroup 5,604.13 6.4

 

 

 

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