home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

$1.5 Billion NYC Property Financed

Recent commercial mortgage activity

December 3, 2007


photo of Coco Salazar

Commercial mortgage deals were tracked during the latest week for office buildings, apartment complexes and hotels worth over $1.6 billion -- though one property accounted for more than $1.5 billion.

photo of Rancho Dominguez property

Nationwide Life Insurance Co. funded a $5.5 million refinance loan secured by an industrial property in Rancho Dominguez, Calif. The 10-year loan has a 25-year amortization schedule. Transport Express and Color Ad Inc. are major tenants of the 87,536-square-foot facility, NorthMarq Capital Inc. announced.

In multifamily fundings, Missouri-based Love Funding announced it closed a $1.7 million refinance of a new construction loan secured by the Plaza Apartments, a 62-unit complex in Statesville, N.C. The Federal Housing Administration-insured loan included a 5.95 percent interest rate with 40-year amortization, a savings of 1.55 percent from the original loan's rate.

Over in Voldosta, Ga., 106-unit College Station Apartments collateralized a $7.4 million financing at a rate of 6.25 percent over a 10-year fixed term, Meridian said.

The Ashley Apartments, a 266-unit multifamily property in Charlotte, N.C., secured an $8.8 million loan, Meridian reported. Bobby Zacharias will repay the financing at a rate of 5.87 percent over a three-year term.

Allianz of America Inc. funded $28.0 million secured by the Mediterranean Village, a 512 unit multifamily complex in Costa Mesa, Calif. NorthMarq said it negotiated the 30-year self-amortizing loan for an affiliate of E & S Ring.

Among office deals financed, Capmark Finance Inc. said it originated $15.0 million for the acquisition of Decatur Court for $16.3 million. Day Capital Partners is the borrower of the 76-percent, "as-is" loan, with a three-year, interest-only term, secured by the 131,621-square-foot, class-B office building in Decatur, Ga.

Citibank financed $2.5 million secured by Plaza One Retail, which measures 27,827 square feet, houses Kaeleen's Furniture and is located in Phoenix, Ariz. Lemeza Realities LP will repay the 5-year loan for the retail property on a 30-year amortization schedule, Minnesota-based NorthMarq said.

photo of Mediterranean Village

The Cedar Hill Town Center, a retail property of about 17,000 square feet in Texas, collateralized a first mortgage of nearly $3.3 million provided by JPMorgan Private Client Services, NorthMarq reported. Cedar Hill Shops LLC received the 10-year loan with a 30-year amortization schedule.

SL Green Realty Corp. has negotiated the acquisition of two New York office buildings for $1.575 billion, according to an announcement today. The adjacent buildings have more than 2.6 million square feet. The deal, expected to close this month, will be financed by Westdeutsche ImmobilienBank AG and PB Capital Corp.

photo of Hilton Garden Inn A to-be-built, 130-room Hilton Garden Inn in Arlington, Texas, found $13.8 million in financing through Meridian Capital Group. The New York-based brokerage said the loan for the ground-up construction of the hotel has a rate of 2.25 percent, plus LIBOR for a three-year, interest only term.

Coco Salazar is an associate editor and staff writer for MortgageDaily.com.

e-mail: [email protected]

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders