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Properties (11986)

Properties category

2911 East Indian School Road

Friday, 24 January 2020 Written by

Revival Biltmore apartment complex

The transaction includes the assumption of a $14.5 million loan from Opus Bank of Fullerton, Calif., according to Maricopa County records. The loan matures in May 2024. Additional terms could not be learned.

11 West Jefferson St.

Friday, 24 January 2020 Written by

Luhrs Building

975-1045 Garden of the Gods Road

Friday, 24 January 2020 Written by

Garden of the Gods Plaza retail center is 85 percent leased.

801 Division St.

Friday, 24 January 2020 Written by

Broadstone Gulch

111 North Orange Ave.

Friday, 24 January 2020 Written by

Regions Bank Tower is 94 percent leased.

701 NW 99th Ave.

Friday, 24 January 2020 Written by

Palm Johnson Plaza

Bethpage Federal Credit Union provided the buyer with $10.23 million of acquisition financing.

6161 Memorial Highway

Friday, 24 January 2020 Written by

Point at West End apartment property

The property is encumbered by a $21.4 million Freddie Mac loan that's securitized through FREMF, 2016-K59. The loan pays a fixed coupon of 3.86 percent and doesn't mature until August 2026. It's locked out from prepayment until then, but could be defeased, or replaced by government securities.

The property is 91 percent occupied.

929 South Broadway

Friday, 24 January 2020 Written by

Ace Hotel Downtown Los Angeles

8350 East Yale Ave.

Friday, 24 January 2020 Written by

Fox Crossing apartments

8201 West Olive Ave.

Friday, 24 January 2020 Written by

Bungalows on Olive apartment complex is 98 percent occupied.

Berkadia represented Cavan in the sale and arranged a $23.5 million Freddie Mac loan on behalf of Silver Star. The new financing will replace an $18.29 million loan that was securitized through Ready Capital Mortgage Trust, 2019-5.

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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

 

 

 

REITCafe

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    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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