Commercial Mortgage Alert by xiuliliaofz


									                                                                         JUNE 17, 2011
                                                                                                                              BofA to Lead Sy
                                                                           3 Tighter Spreads                                                                  ndicate for Big
                                                                                                Eyed for Conduit
                                                                                                                   Deal          Bank of America                                              NY Project
                                                                          3 Citi Refinanc
                                                                                          es Times Square                     be the tallest resid has agreed to lead a $700 million
                                                                                                              Store                                ential building in                   construction loan
                                                                          4 Walton Stree                                     syndicate.                               Manhattan and                         for what will
                                                                                          t Seeks Big Offi                                                                               is close to lining
                                                                                                           ce Loan                 e oating-rate                                                           up a lending
                                                                                                                                                     loan will help
                                                                         4 Wells Finances
                                                                                             NY Hotel for Blac
                                                                                                                                             nance the $1.4 billio a partnership led by Gary
                                                                                                                 kstone     Street, across from                    n project — a 90-s                   Barnett’s Exte
                                                                                                                            the lower 30 oors Carnegie Hall. e property will tory building at 157 West 57th
Peter S. Grabell joined Clark Street Capital last month as
                                                                         4 Goldman Fund
                                                                                           s ‘Miracle Mile’                                     , topped by 135 ultra                encompass a 210-
                                                                        5 Situs Leads Nord                                     New York-based                          -luxury condomin                  room hotel on
                                                                                              ic Servicing Vent
                                                                                                                 ure       to the sovereign Extell is being backed by Aaba                iums.

managing director of the Western region, based in San                   6 Citi Backs Shop                                                      wealth fund of Abu                  r Investments,
                                                                                                                                                                                                    a company linke
                                                                                                                          of the equity on                           Dhabi. Aabar                                      d
                                                                                            ping Center Near                                  the                                   has
                                                                                                               LA         summer before debt deal, which smoothed the way kicked in the vast majority
                                                                       6 REIT Issue Wea
                                                                                                                          pleted next year          nancing was naile                 for construction
                                                                                          thers Tough Mark                                                             d down. e proj                    to begin last
Diego. He focuses on cultivating relationships with banks
                                                                                                              et                            .                                            ect is scheduled
                                                                       6 Loans on Ga.                                         Large-scale cons                                                             to be com-
                                                                                        Flex Complex Shop                                        truction projects
                                                                                                             ped                                                      have been virtu
                                                                      7 Startup Law                                                                                                     ally nonexistent

and advising them on their commercial real estate loan
                                                                                      Firm Looking to                                                                                                       since the
                                                                      8 Wells Finances                                   Nationwide, Ha                                                             See BofA on Page
                                                                                         Offices in Ala., Okla                                          ncock Shop $1
                                                                                                                                                                                      Billion of Loan
portfolios. Grabell has been consulting with Chicago-
                                                                     9 Fitch Updates                                        Two insurance
                                                                                       In-Depth CMBS
                                                                                                         Reviews        commercial mor companies are looking to sell
                                                                                                                                           tgages, adding to                     roughly $1 billio
                                                                     8 CALENDAR                                         the block.                             a sudden                             n of xed-
                                                                                                                                                                           ood of perform                       rate

based Clark Street for several months. He previously                                                                      Nationwide Insu                                          ing seasoned loan
                                                                   10 INITIAL PRIC                                                                                                                  s on
                                                                                   INGS                                loans on retail, o rance this week began marketin
                                                                                                                                          ce, hotel and apar                g
                                                                                                                       John Hancock
                                                                                                                                       has                   tment propertie a $238 million portfolio of

spent 11 years with Bridger Commercial Funding, a CMBS
                                                                                                                      bring another $300already put $456 million of loan in multiple states. Meanwhile,
                                                                                                                                            million or so to                 s up
                                                                                                                         All of those loan                   market next week for sale and is expected to
                                                                                                                      $1.5 billion of perf s are being pitched just as Bank .

lender that folded in March. 
                                                                                                                                          orming mortgag                     of Ireland is gear
                                                                 THE GRAPEVINE                                       is scheduled to
                                                                                                                                       kick o next week es, as previously reported. at
                                                                                                                                                                                                ing up to shop
                                                                                                                     in a $10.3 billio                                                       o erin
                                                                  Veteran originato                                                    n portfolio of mos . And a chunk of performing loan g, via HFF,
                                                                                                                     poised to begin                      tly distressed mor                     s
                                                                  commercial MBS Bill Mott is joining the                              marketin                              tgages that Angl is included
                                                                  Mott, a managin
                                                                                     group at Credit Suis                  e sudden onslaugh g via Eastdil Secured.                            o Irish Bank is
                                                                                   g director, will focu se.                                   t of quality mor
                                                                 on large-loan assig                                                                            tgages is expected
                                                                                                         s                                                                          to attract a new
                                                                 lending chief Jeff nments, reporting to                                                                                               crop of
                                                                with Fastov year
                                                                                    Fastov. Mott work
                                                                                 s ago at Goldman ed
                                                                                                                    NY Community                                                       See    HANCOCK on Page
                                                                                                                                                   Bank Finances
                                                                In 2003 he jump
                                                               where he worked
                                                                                 ed to Deutsche Bank s.                New York Com
                                                                                                                                      mun                                          Big Portfolio
                                                                                  on                    ,          mortgages on a Man ity Bank has originated $402
                                                               tion. He is expected large-loan produc-             ing assignments       hattan apartmen               million of xed-
                                                              Suisse once his gard to start at Credit                               for the Long Islan t portfolio, the latest in a string commercial
                                                                                                                         e loans, with term            d lender.                            of large nanc-
                                                              the end of the sum ening leave expires at           owned by a part            s of 5-7 years,
                                                                                   mer.                                            ners                      are backed
                                                                                                                  per East Side, Upp hip led by Stonehenge Partners by nine apartment buildings
                                                             LoanCore Capi                                                            er West Side and                 of New York.
                                                                                                                  apartments, 181,                                                        e Mid
                                                                                                                                   000 square feet of Greenwich Village buildings enco town, Up-
                                                                            tal has added
                                                             RBS alumni to                two more
                                                                             its growing roste                       Five of the loan                 retai                                  mpass 1,400
                                                             Ovalle joined the                r. Alex            originated. e       s re nanced mor l space and 85,000 sf of o ce
                                                               nance shop last
                                                                               Greenwich, Con
                                                                                                n.,                               other four re nanc tgages that New York Commun space.
                                                                               week                                    e debt package,               ed loan                               ity previously
                                                             director in Los Ang as a managing                    nancing in Man         which closed last s from other lenders.
                                                             time colleague Stev eles, where his long-          bank agreed to writ
                                                                                                                                   hattan by New York month, is at least the four
                                                                                                                                                                                         th large recent
                                                                                e Graines rece                                                          Community. Last
                                                                                               ntly             at 601 West 26th e a $500 million xed-rate loan           month, the Wes
                                                                              See GRAPEVINE
                                                                                              on Back Page                         Street in the Chel                on the Starrett-Lehi tbury, N.Y.,
                                                                                                                                                      sea section. RXR                      gh Building,
                                                                                                                                                                       Realty of Unio
                                                                                                                                                                                         ndale, N.Y., is
                                                                                                                                                                                         See BANK on Page

COMMERCIAL MORTGAGE ALERT: June 17, 2011, 5 Marine View Plaza, Suite 400, Hoboken NJ 07030. 201-659-1700

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