Commercial Mortgage Alert by xiuliliaofz

VIEWS: 9 PAGES: 1

									                                                                         JUNE 17, 2011
                                                                                                                              BofA to Lead Sy
THE GRAPEVINE
                                                                           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
                                                                                                                             Development
                                                                                                                                             nance the $1.4 billio a partnership led by Gary
                                                                                                                 kstone     Street, across from                    n project — a 90-s                   Barnett’s Exte
                                                                                                                                                                                                                        ll
                                                                                                                            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-
                                                                                                            Tower
                                                                        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
                                                                                                         Hire
                                                                      8 Wells Finances                                   Nationwide, Ha                                                             See BofA on Page
                                                                                                                                                                                                                     8
                                                                                         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
                                                                                                                                                                                                                    s
                                                                     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
                                                                                                                                                                              s
                                                                                                                      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
                                                                                     r
                                                                  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
                                                                                                                                                                                                                7
                                                                                                                                                   Bank Finances
                                                                In 2003 he jump
                                                               where he worked
                                                                                                     Sach
                                                                                 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-
                                                                                                                                                                                          rate
                                                              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
                                                                                                                                                                                                            8




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

								
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