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Westmont Hospitality Group has secured a $360 million first mortgage and $40 million mezzanine loan from Barclays and Morgan Stanley that is secured by a portfolio of 89 Red Roof locations in 25 states.
February 6 -
Moody's considers the $932.4 million TPG Real Estate Finance Trust 2018-1 to be highly leveraged, though not as highly leveraged as Blackstone's inaugural transaction.
February 5 -
The Trepp CMBS Delinquency Rate for U.S. commercial real estate loans in CMBS is now 4.83%, a decrease of six basis points from the December level.
February 2 -
The Renaissance Aruba Resort & Casino went through a foreclosure in 2012, giving its mezzanine lender an equity stake; the majority owners have obtained a new $195 million loan to buy out two partners.
January 31 -
JPMorgan is bundling portions of the first mortgages on six towers in what was once the Jersey City Medical Center into collateral for $200 million of commercial mortgage bonds.
January 26 -
Varde VMC Lender, a Minneapolis firm specializing in distressed commercial real estate, has branched out to financing offices and apartment buildings being upgraded or repurposed.
January 25 -
The private investment firm has obtained a $471 million mortgage from Goldman Sachs secured by 85 properties with a total of 10,764 keys operating under the InTown Suites flag.
January 24 -
The largest loan is a $94 million portion of a $340 million mortgage originated by Wells, Deutsche and Goldman secured by three interconnected buildings whose sole tenant is Apple.
January 24 -
Previously a partner at Winston & Strawn, he brings more than 25 years of experience handling complex structured finance and specialty finance transactions.
January 19 -
The Taxs Cuts and Jobs Act preserves most of existing benefits for owners, operators, and investors, and provides a few new perks as well; there are some trade-offs to be made, however.
January 19