Freddie Mac, Bank of China and New York Community Bank are all in the running to refinance a giant apartment portfolio in Uptown Manhattan and Roosevelt Island, according to a market player with knowledge of the discussions. The portfolio’s owners, Urban American and the City Investment Fund, are seeking a $750 million five-year floating-rate loan to replace a maturing $800 million loan from Fannie Mae.
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Jul 03, 2014 - Samantha Rowan
Although it’s not quite hurricane season, JLL is issuing a call to action for tenants and property managers to be on top of emergency preparedness.
Jun 26, 2014 - Samantha Rowan
A joint venture between Oak Coast Properties and Redhill Realty has acquired One Dartmouth Place Apartments, a 418-unit apartment complex in Denver.
More borrowers are expected to tap the commercial mortgage-backed securities market to refinance existing CMBS 2.0 loans as property values continue to rise.
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