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

Thursday, 23 January 2014

Bank of China Teams with Deutsche Bank on Time Warner Center Loan

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Commercial Real Estate Direct Staff Report

Bank of China has teamed with Deutsche Bank to provide $675 million of financing against Manhattan's Time Warner Center.

As reported, the floating-rate loan was used by a venture led by the Related Cos. of New York to fund the purchase of the 1.1 million-square-foot property for $1.3 billion, or roughly $1,182/sf, in a deal arranged by Eastdil Secured.

Related's partners in the deal are Abu Dhabi Investment Authority and GIC Pte, Singapore's sovereign wealth fund. The property, at 60 Columbus Circle, was purchased from Time Warner Inc.

Time Warner is leasing the property, which houses its headquarters, through early 2019, when it plans to move to 30 Hudson...





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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: New York City
  • States: New York
  • Sector: Office
  • Subject: Mortgages/Financing (MOR)
  • Company: Dominion Bond Rating Service
  • Private: Yes
Read 968 times Last modified on Thursday, 23 January 2014

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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